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Closing Bell: A Mixed Start to the Week; Nike Takes Down Foot Locker

It was a mixed start to the week.

It was a mixed start to the week with the Dow Jones Industrial Average and S&P 500 managing small gains, while the Nasdaq remained in the red. Consumer staples and telecom stocks were the best performers on Wall Street.  It was another bruising day for Foot Locker Inc. (FL) - Get Report as its shares sold off in sympathy with Nike Inc. (NKE) - Get Report , which was lower on a Jefferies downgrade. Foot Locker, a major carrier of Nike products, has declined for three days in a row. KeyBanc reiterated Broadcom Ltd. (AVGO) - Get Report as OVERWEIGHT ahead of its earnings report on Thursday. The firm believes chipmaker Broadcom is likely to get a boost when Apple Inc. (AAPL) - Get Report releases its highly anticipated iPhone 8. Lions Gate Entertainment Corp. (LGF) topped a quiet box office weekend with its new release, The Hitman's Bodyguard. The Samuel L. Jackson action film took the top spot with $21.6 million in domestic takings.

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