SWOOSH: Nike fell after warning that a stronger U.S. dollar will dampen its results this quarter. Strong demand for its shoes and apparel ahead of the World Cup in June helped its beat expectations in the previous quarter, the company said late Thursday. Nike, one of the 30 stocks in the Dow, lost $3.01, or 4 percent, to $76.25.
BOOTED: Symantec lost $2.63, or 13 percent, to $18.27. The maker of security software abruptly fired its CEO late Thursday. It was the second time in less than two years that the company has dismissed its chief executive.
COMPARE, CONTRAST: It might sound surprising that the stock market is trading near an all-time high with all the uncertainty surrounding China's slowing growth and simmering tensions between Russia and the West. But these concerns also highlight the relative health of the U.S. economy and stock market, said Dan Veru, chief investment officer of Palisade Capital Management in Fort Lee, N.J.
COMING BACK: A week ago, the S&P 500 index turned in a 1.9 percent weekly loss, its worst slump in nearly two months. This week looks entirely different, with the S&P 500 up 1.5 percent, as concerns have eased over China's slower economic growth.
The only stumble came Wednesday, when the Federal Reserve said it could start raising short-term interest rates as soon as next year. Traders drove down prices for gold, government bonds and stocks.
GOLDEN GATE'S TOUCH: News that Golden Gate Capital has acquired a stake in Ann Inc. sent the retailer's stock soaring $4.77, or 13 percent, to $42.02. The private equity firm disclosed the 9.5 percent stake in the parent company of Ann Taylor and LOFT late Thursday.
STRESSED: Zions Bancorporation, a regional bank based in Salt Lake City, fell $1.47, or 5 percent, to $31.52. Late Thursday, the Fed said Zions was the only one of 30 major U.S. banks that didn't pass an annual "stress test" that determines whether banks are have sufficient capital buffers to keep them lending through an economic crisis.
TREASURYS AND COMMODITIES: Prices for U.S. government bonds were little changed. The yield on the 10-year government fell to 2.75 percent. The price of crude oil rose 56 cents to close at $99.46 a barrel. Gold gained $5.50 to settle at $1,336 an ounce.