Why Nike Stock Is Skyrocketing Today

Nike (NKE 18.32%) stock is surging in Friday's trading following the company's recent quarterly report. The footwear and apparel specialist's share price was up 14.5% as of 10:45 a.m. ET. At the same point in the daily session, the S&P 500 index was up 0.5%.After yesterday's market close, Nike published results for the fourth quarter of its last fiscal year -- which ended May 31. In addition to reporting sales and earnings for the period that topped Wall Street's expectations, the company also laid out forw ...