Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout
Nike has been removed from the S&P 100 index after an 18‑year run, as a sharp decline erased about $200 billion of its market value. The index committee cited the reduced market capitalization and lower weighting as reasons. The move follows recent earnings misses and inventory challenges that have pressured the stock, highlighting the index’s focus on the largest U.S. companies.