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The retail sector continues to be on fire this year thanks to optimism around consumer spending.
The Dow closed lower on Friday as investors reacted to Donald Trump's plans to impose strict import tariffs on steel and aluminum.
Nike is most likely to be negatively impacted by Foot Locker's results, according to Jim Cramer. Based on how the stocks are reacting, he appears to be correct.
Foot Locker stock tumbles on earnings, dragging down names like Finish Line, Nike and Under Armour.