Nike stock misery continues after another dreadful quarter and outlook: Wall Street reacts — Live Feedhttps://www.live-feeds.com/feed/nike-stock-misery-continues-after-another-dreadful-quarter-and-outlook-wall-street-reactsContinuously updated, source-cited coverage. Nike Shares Plunge to 13-Year Low After Weak Revenue and Layoffshttps://www.live-feeds.com/feed/nike-stock-misery-continues-after-another-dreadful-quarter-and-outlook-wall-street-reactshttps://www.live-feeds.com/feed/nike-stock-misery-continues-after-another-dreadful-quarter-and-outlook-wall-street-reacts#u101884Mon, 05 Oct 2026 07:45:47 +0000Nike shares plummeted 10 percent after the sportswear giant reported lower first-quarter revenue and announced a sweeping restructuring plan that includes job cuts. The company projected a sales decline for the year and warned of additional layoffs next year amid an evolving operating model. The dismal financial results and gloomy outlook drove the stock to its lowest level in 13 years, triggering a broad decline across the athletic apparel sector as Wall Street reacted to the deepening struggles under the current turnaround effort.Why it mattersThe steep downturn tests investor confidence in