According to The Kobeissi Letter, Nike stock (NKE) fell about 10% intraday on December 19, 2025 and is on track for its largest daily decline since April 2025 as China sales plunge. According to The Kobeissi Letter, the source attributes the sharp selloff to weakness in China sales, highlighting the scale of the downside move in NKE.

According to @StockMKTNewz, Nike (NKE) is set to start trading today more than 10% lower, with shares indicated back below $60, signaling a large pre-market gap that traders will monitor at the open. Source: @StockMKTNewz on X. A decline of 10% or more from the prior close activates the U.S. SEC’s short-sale restriction (Rule 201) once triggered during trading, limiting short sales to at or above the national best bid for the remainder of the day and the next day, which is relevant for execution and liquidity planning. Source: U.S. Securities and Exchange Commission, Rule 201 (Alternative Uptick Rule). Since 2020, crypto assets have shown stronger positive correlation with U.S. equities, so sharp equity drawdowns have more frequently coincided with weakness in BTC and ETH, making cross-asset risk monitoring prudent on a day with a major consumer discretionary selloff. Source: International Monetary Fund (IMF) 2022 research on rising crypto–equity correlations.

According to @CNBC, Morning Squawk highlights quad witching, Nike sliding, and updates on U.S. weed rules as key market drivers into the open, source: CNBC. Quad witching is the simultaneous expiration of stock index futures, stock index options, single-stock options, and single-stock futures, a setup that typically concentrates volume and can increase intraday volatility near the close, source: Cboe Global Markets. Heightened equity volatility around quad witching can transmit to crypto via risk sentiment, with research documenting stronger stock and crypto comovement since 2020, making BTC and ETH volatility tracking relevant for traders, source: International Monetary Fund. With Nike in focus, discretionary-sector flows and options positioning may see knock-on effects during expiration-driven hedging and rebalancing windows that can widen spreads and pressure liquidity, source: Cboe Global Markets. CNBC’s mention of weed rules flags potential catalysts for U.S. cannabis equities and related ETFs, making regulatory headlines a watch item for intraday momentum, source: CNBC. Trading implications include monitoring the open and last-hour liquidity, tracking options open interest and rolls, and adjusting order execution to avoid crowded expiration windows, source: Cboe Global Markets.

According to Fox News, leading female athletes have delivered direct messages to Nike in a newly released advertisement, criticizing the company's approach to women's sports and sponsorships (Fox News, May 14, 2025). This public pushback is expected to influence Nike's brand perception and could create short-term volatility in Nike's stock (NKE), which has historically shown sensitivity to social controversies. For crypto traders, shifts in major stock sentiment often impact tokenized stock assets and sentiment-driven tokens linked to sports and lifestyle brands. Investors should monitor correlated assets and social sentiment across NFT and fan token markets as the story develops.

According to Stock Talk (@stocktalkweekly), the official announcement of Cooper Flagg joining Dallas is expected to drive significant local economic activity, influencing related publicly traded companies and potentially increasing local merchant transaction volumes. Historically, major sports signings have triggered heightened social media engagement and merchandise sales, which can spark short-term stock price movements for apparel and entertainment firms like Nike and Fanatics (source: Stock Talk, May 12, 2025). Crypto investors should monitor local Dallas blockchain projects and fan token trading volumes, as increased regional enthusiasm may lead to spikes in crypto transaction activity and NFT sales tied to sports events.