Why Nike Stock Tripped and Fell on Wednesday

Few investors felt like they were winning with Nike (NKE -2.54%) stock on Hump Day. One of its most entrenched and competitive rivals unveiled a set of preliminary annual results, and the numbers raised concerns about the immediate future of the athletic shoe and apparel market worldwide.Nike shares closed the day 2.5% lower as a result, a steeper fall than the 1.6% decline of the S&P 500 index.Adidas raises concerns about the international athletic-wear marketAt least Nike isn't Adidas (ADDYY -9.40%). The ...