Nike Drops from S&P 100 as Four Tech Companies Join
On September 21, Nike will exit the S&P 100 index after being replaced by four technology companies: Dell Technologies (DELL), Palo Alto Networks (PANW), Arista Networks (ANET), and SanDisk. The change is part of a quarterly rebalance conducted by S&P Dow Jones Indices. While Nike remains in the broader S&P 500, it no longer ranks among the top 100 U.S. companies by market capitalization. The shift reflects growing investor interest in technology sectors such as cloud computing, cybersecurity, and AI infrastructure. The four new additions are positioned to benefit from increased tech spending trends this year. Meanwhile, Nike's stock has declined significantly over five years—losing about 76% of its value—and currently trades at a level not seen since 2014. The S&P 100 index now includes more technology firms as it adjusts to market dynamics favoring growth stocks in the tech sector. Other companies leaving include Honeywell Aerospace, Simon Property Group, and Colgate-Palmolive.
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