Nike Removed from S&P 100 Index Amid Stock Decline
Nike (NKE) is set to be removed from the S&P 100 index on September 21, 2026. This marks a significant shift for the once-blue-chip consumer brand that no longer meets the criteria of being among the largest and most established U.S. companies tracked by the narrower index. The company will remain in the broader S&P 500 but its exclusion from the top-100 list reflects years of declining stock performance. Nike's market value has fallen over $220 billion since November 2021, with shares hitting a near 12-year low at closing on September 4. The S&P 100 itself grew by about 83% during the same period while Nike’s share price dropped more than 75%. This divergence highlights broader investor sentiment favoring technology and infrastructure companies over traditional consumer brands. The index rebalance includes four new additions, all from the information technology sector. Palo Alto Networks (PANW) is directly replacing Nike in this reshuffle, signaling a shift toward AI-related security solutions as essential components of modern business infrastructure.
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