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Nike (NKE) stock fell sharply amid the sneaker and apparel giant's decision to withdraw its full-year outlook after its latest earnings report. The company has also opted to cancel its upcoming investor day as it undergoes a CEO transition.

Market Domination co-hosts Julie Hyman and Josh Lipton break down the details.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Angel Smith