Nike's stock surges to pace the Dow's early gainers

Nike Inc.'s stock NKE, -2.91% surged 4.5% in premarket trade Friday, in the wake of the athletic apparel and accessories company's fiscal third-quarter results, to pace the handful of Dow Jones Industrial Average DJIA, -2.93% components trading higher ahead of the open. Six of the 30 Dow stocks were gaining ground; the next biggest gainer was Home Depot Inc. HD, -1.53% shares, which were up just 0.4%. Nike's stock rally would add about 20 points to the Dow, while Dow futures YMM8, +0.13% were down 96 points. Among the biggest decliners, shares of Intel Corp. INTC, -1.42% were shedding 0.9%, Boeing Co. BA, -5.19% were losing 0.8% and Pfizer Inc. PFE, -1.85% were giving up 0.8%. The most-active stock was Apple Inc.'s AAPL, -1.41% which dropped 0.4%.