Vans maker, Crocs and Under Armour stocks dive on back of Nike shares’ plunge

Shares of Nike Inc.
NKE,
-11.83%
tumbled 10.4% in morning trading Friday, enough to pace the S&P 500’s
SPX,
+0.17%
losers by a wide margin, and are dragging down shares of other shoe makers in the wake of the athletic apparel giant’s disappointing earnings report. Vans parent VF Corp.’s stock
VFC,
-3.23%
sank 2.6%, and was the S&P 500’s third-biggest decliner. Elsewhere, shares of Under Armour Inc.
UAA,
-3.34%

UA,
-3.52%
slumped 3.3%, of Crocs Inc.
CROX,
-4.06%
slid 4.8% and of Skechers USA Inc.
SKX,
-2.57%
shed 2%. Among shoe sellers, the shares of Foot Locker Inc.
FL,
-3.93%
dropped 5% and of Dick’s Sporting Goods Inc.
DKS,
-2.72%
gave up 3.4%. The selloffs are bucking the gains seen in the broader stock market, as the S&P 500 gained 0.3%. And the Dow Jones Industrial Average rose 39 points, or 0.1%, even as Nike’s stock reduced the Dow’s price by about 84 points.