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Nike Surges Most in Year After Sales Turn Positive in Home Market

Nike Surges Most in Year After Sales Turn Positive in Home Market

Nike Inc.’s home market is getting its mojo back, and investors are applauding. The stock surged the most in a year Friday, reaching a record high, after North American sales rose for the first time in four quarters. The results signaled that Nike’s new products are catching on with U.S. shoppers and beat the sneaker giant’s forecast for unchanged sales in the region.