Wall Street’s major indexes dipped on Friday in low trading volume before the holiday weekend as several blue-chip stocks slipped, including Nike. Nike Inc shares fell 2.3 percent after the company forecast muted growth in current-quarter revenue, reflecting its struggles in the North American market.
United Health Group Inc was down 0.8 percent after the health insurer agreed to buy Chilean healthcare company Banmedica SA for USD 2.8 billion. Investors are winding down ahead of Christmas on Monday, when the market will be closed.
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