Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

Nike has lost over $200 billion in market value since its 2021 peak, dropping roughly 78% and falling below the threshold to remain in the S&P 100 after nearly 18 years. The athletic apparel giant will be removed from the index on September 21, 2026, as part of a broader shift in the S&P 100 toward technology and data infrastructure companies, though Nike will continue to be listed in the broader S&P 500.