Wall Street predicts Nike delivered a strong finish to its latest fiscal year.
The athletic footwear and apparel maker is scheduled to release its fiscal fourth-quarter financial results today. Financial analysts project that Nike's earnings and revenue improved from a year earlier. That would be in line with gains in the previous three quarters.
The Commerce Department delivers its latest estimate of U.S. economic growth today.
Economists expect that the gross domestic product grew by 1.2 percent in the first three months of this year. That would represent a slowdown from the 2.1 percent rate in the fourth quarter of last year. The economy grew 1.6 percent for all of 2016, the poorest showing in five years.
Toast to this
Strong sales of beer, wine and spirits have helped keep earnings rising at Constellation Brands.
The brewer of Corona beer posted higher earnings and revenue for the 12 months that ended in February. And Wall Street expects the company delivered better results once again in the March-May quarter. Constellation Brands reports its fiscal first-quarter earnings today.