Nike among top Dow advancers, erasing losses linked to Kaepernick ad

Shares of Nike Inc. extended gains to rally 2.5% in morning trade Monday, to pace the 21 of 30 Dow Jones Industrial Average components that are gaining ground. The stock has now , and is now trading 0.2% above the Aug. 31 close of $82.20, which was where it was just before the athletic apparel and accessories giant as the face of its new ad campaign. The stock has soared 58% over the past 12 months, while shares of rival Under Armour Inc. have gained 16% and the Dow has climbed 19%.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails.