Nike (NKE) dropped nearly 6% to its lowest since September 2013. The company missed revenue estimates yesterday and guided for sales to fall again this year. The stock is down more than 55% over the past year, losing roughly $60 billion in market cap.

One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.