S&P 500 Gains and Losses Today: Nike Warns of Soft Sales and Plans Spending Cuts

Key TakeawaysThe S&P 500 posted gains of 0.2% on Friday, Dec. 22, 2023, heading into the holiday break amid expectations that the Federal Reserve will cut interest rates next year.Gold prices rose to their highest level in three weeks, helping send shares of Newmont Corporation higher.Nike cut its revenue outlook and said it would be cutting costs as demand for its sneakers and other athletic wear slowed.It wasn't much of a gain, but the S&P 500 headed into the Christmas holiday break in positive territory, ...