Nike Exits S&P 100 After 78% Stock Crash as Tech Moves In
Nike‘s long slide has now cost it a place in one of America’s most exclusive blue-chip indexes. S&P Dow Jones Indices will remove Nike from the S&P 100 on Sept. 21, while Dell Technologies, Palo Alto Networks, Arista Networks and SanDisk join the mega-cap benchmark. Nike will remain in the broader S&P 500. The timing is brutal. Nike closed Friday at $38.40, near a 12-year low and roughly 78% below its November 2021 record. Its market capitalization has fallen to about $57 billion, from roughly $264 billion at the end of 2021. Coinpaper previously examined the 12-year low, but the index exit adds a different dimension: Nike is no longer being treated as one of the markets dominant mega-cap blue chips. Nikes market cap and stock price have plunged since 2021.Nikes Exit Shows How Much the Mega-Cap Club Has Changed The rebalance is bigger than Nike. Nike, Colgate-Palmolive, Simon Property Group and Honeywell Aerospace are leaving the S&P 100. Their replacements are Dell, Palo Alto Networks, Arista Networks and SanDisk. That is a striking shift toward technology, cloud infrastructure, cybersecurity and AI-linked data-center demand. Arista is now worth about $244 billion, more than four times Nikes current valuation. Palo Alto Networks is valued near $272 billion, almost five times








