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NEW YORK (Reuters) – The S&P 500 ended slightly higher on Friday after a volatile week as gains in growth names like Facebook offset a dive by Nike after the athletic wear company delivered a downbeat sales forecast.
The Dow and S&P 500 edged higher on Friday and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike. Athletic wear company Nike's shares fell 6.3% and were the biggest drag on the Dow and the S&P 500 after it delivered a downbeat sales forecast and warned of delays during the holiday shopping season, blaming a supply chain crunch.