Stocks Opened Slightly Higher, Nike Jumped

U.S. stocks opened slightly higher on Friday ahead of a Eurogroup meeting about extending Greece’s bailout program. The Dow Jones industrial average lately rose 95.19 points, or 0.53%, to 17,985.55. The S&P 500 gained 3.31 points, or 0.16%, to 2,105.62. The Nasdaq Composite was up 0.94 points, or 0.02%,, to 5,113.13.

Greek Prime Minister Alexis Tsipras went on the offensive against the country’s creditors on Friday, saying European principles were not based on “blackmail” and that his government would fight for mutual respect instead.

Nike Inc.’s profit rose above expectations. For the period ended May 31, the athletic gear maker’s revenue increased to $7.78 billion from $7.43 billion a year earlier. Its sales rose 4.8%.

Target says that its chief merchandising and supply chain officer, Kathryn Tesija, is exiting her post. The retailer said in a regulatory filing on Thursday that Tesija, who also serves as executive vice president, will move temporarily to a strategic adviser role on July 6.






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