Nike stock plunges and takes rivals like Under Armour and Adidas with it

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up!Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNike's stock was down more than 11% Friday after the company lowered its outlook and said it planned $2 billion in cuts, which could include more layoffs.As part of its three ...