A vote on the deal is likely to come this week, according to news outlet CTFN.
Recent efforts will help J.C. Penney reach its fiscal 2017 guidance for same-store-sales of between a 1% decline and 1% increase, Gordon Haskett Research Advisors. said.
Nike signed 4 of the top 10 draft picks from the 2017 NBA draft.
ETFs are on pace to purchase $380 billion in stock this year.