Nike will be removed from the S&P 100 index after nearly 18 years, as S&P Dow Jones Indices announced changes to its quarterly index rebalancing process. The adjustment will take effect before the market opens on September 21, while Nike will remain a member of the broader S&P 500 index.
The removal is part of a regular S&P 100 reshuffle designed to ensure the index continues to represent the largest and most established companies in the U.S. equity market. Alongside Nike, Honeywell Aerospace, Simon Property Group, and Colgate-Palmolive will also leave the index, while Dell, Palo Alto Networks, Arista Networks, and Sandisk will be added.
Nike’s exclusion comes after a significant decline from its record high reached in 2021, with the company losing a substantial portion of its market value compared with its previous peak. The move highlights the challenges facing one of the world’s largest sportswear companies as investors reassess its growth outlook and market position.
The distinction between the S&P 100 and S&P 500 is important. The S&P 500 includes 500 of the largest U.S. companies and is designed to provide a broader representation of the American equity market. The S&P 100, however, focuses on the largest and more established companies within the S&P 500.
As a result, Nike’s removal from the S&P 100 does not mean the company has lost its status as a major U.S. corporation. Instead, it reflects changes in relative market capitalization and positioning among the largest publicly traded companies.
The index change may draw additional attention to Nike’s recent performance, as the company works to address weaker investor sentiment and rebuild confidence after a period of declining valuation. The market will continue to watch whether Nike can stabilize its earnings outlook and regain stronger momentum in the years ahead.
