Ted Cruz takes victory lap as iconic American brand's stock plunges to 12-year low - Fox News
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- Nike's stock plunged to a 12-year low, with JPMorgan downgrading its shares, according to cross-coverage headlines on the story.
- Ted Cruz took a 'victory lap' over the plunge in what Fox News called an 'iconic American brand's' stock, framing the decline as a political win.
Why it matters: A 12-year stock low paired with a downgrade from a major bank like JPMorgan is a material signal of lost investor confidence in one of America's most recognized consumer brands, and Cruz's public celebration turns a market story into a partisan talking point.
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