Nike Exits the S&P 100 Index. 4 Tech Stocks Move In

Live updates

1. 22d ago

   Nike Sells Off After S&P 100 Exit and Analyst Downgrade

   Nike remains in the S&P 500 index despite being removed from the S&P 100 after 18 years. Bank of America analyst Lorraine Hutchinson downgraded Nike shares to an underperform rating. The sportswear giant is executing a win-now turnaround strategy under new commercial talent while facing a collapsing stock price over a five-year period and rising short interest. Meanwhile, broader US markets recorded mixed movements as cooler inflation metrics and a softer jobs report influenced Treasury yields and pushed the Nasdaq to a record high.

   Why it matters

   Nike was delisted from the S&P 100 index after nearly two decades, making room for incoming tech equities including Sandisk, Dell, Palo Alto, and Arista. This demotion compounds mounting pressures on the footwear manufacturer, which is simultaneously navigating falling quarterly profits and leadership adjustments. Analysts and market observers are scrutinizing whether new commercial strategies and product lines can reverse the multi-year decline.

   What is confirmed

   • Nike was delisted from the S&P 100 after 18 years.
   • Nike remains a part of the S&P 500 index.
   • Bank of America analyst Lorraine Hutchinson cut Nike shares on an underperform rating.

   Still unconfirmed

   • Nike stock could fall to $30 following its S&P 100 drop.
   • A rookie signature shoe can save Nike in the manner Michael Jordan's line did.

   What to watch next

   • Nike's fiscal Q1 financial results and performance metrics.
   • Further analyst revisions regarding Nike stock and turnaround execution.
   Sources used for this update (12)

   1. www.fool.com — Should You Buy Nike Stock Before Oct. 1? | The Motley Fool
   2. pro.thestreet.com — Cool Inflation Print Overshadowed by Rising Yields as Stocks Stumble Into Quarter-End
   3. guavy.com — Nike Exits S&P 100, Focuses on Turnaround | Guavy
   4. kalkinemedia.com — Nike (NYSE:NKE) In Focus As S&P 100 Exit, Win Now Turnaround ...
   5. finance.yahoo.com — Analyst Predicts Nike Stock Could Fall to $30 After S&P 100 Drop
   6. www.gate.com — Volkswagen Removed from Eurostoxx 50 After 15 Years; Nike ...
   7. www.zerohedge.com — Futures Rise, Yields and Oil Drop Ahead Of Key Jobs Report | ZeroHedge
   8. economictimes.indiatimes.com — Dow Jones| Nasdaq | US Stock Market Today | Live: Nasdaq rises over 1% to hit record on softer jobs data; Europe to release diesel reserves
   9. www.gulf-times.com — tag - Gulf Times
   10. www.briefs.co — Investors Seen Dodging Risk Until Dollar Rally Fades; Market Nerves Tied to High Yields
   11. www.briefs.co — Illegal gold is overtaking Peru's formal mines, IPE warns
   12. 247wallst.com — With Nike’s Dividend Approaching 5%, Can Caitlin Clark Save The Company, Like Michael Jordan Did A Generation Ago?
   confidence 95%
2. 26d ago

   Nike Exits S&P 100 Index, Replaced by Tech Stocks

   Nike has exited the S&P 100 index, making way for tech stocks Sandisk, Dell, Palo Alto, and Arista. This change occurred as Nike faced rising short interest and pressure on quarterly profits. The S&P 100 index rebalance was carried out by S&P Dow Jones Indices. The move forced S&P 100 trackers to sell their Nike shares before the market opened.

   Why it matters

   The S&P 100 index is a stock market index that comprises 100 of the largest and most liquid stocks listed on the US market. Changes to the index can impact the stocks' liquidity and investor sentiment. Nike's exit from the index comes amid challenges faced by the company, including increased competition and declining profits.

   What is confirmed

   • Nike exited the S&P 100 index.
   • Sandisk, Dell, Palo Alto, and Arista replaced Nike in the S&P 100 index.
   • Nike faced rising short interest and pressure on quarterly profits.
   • The S&P 100 index rebalance was carried out by S&P Dow Jones Indices.

   What to watch next

   • Nike's quarterly profits announcement
   • Movement of Nike's stock price
   • S&P 100 index future rebalances
   Sources used for this update (9)

   1. www.marketbeat.com — Best NYSE Stocks to Buy 2026
   2. stocktwits.com — Michael Burry Weighs Peter Schiff’s S&P 500 Crash Warning As UBS Flags Fed Risk — Rare October Hike O....
   3. www.nike.com — Nike. Just Do It. Nike.com
   4. www.nike.com — USA. Nike.com
   5. en.wikipedia.org — Nike, Inc. - Wikipedia
   6. www.nike.in — Nike. Just Do It. Nike IN
   7. about.nike.com — About Nike - The official website for NIKE, Inc., Converse and...
   8. about.nike.com — Welcome to NIKE, Inc. —
   9. www.nike.ae — Nike UAE Official Online Store - Shop Shoes, Clothing, Bags &...
   confidence 100%
3. 29d ago

   Nike Exits S&P 100 Index as Tech Stocks Enter

   Nike exited the S&P 100 index alongside Colgate-Palmolive, forcing S&P 100 trackers to sell their shares before the market opened. Sandisk, Dell, Palo Alto, and Arista replaced the departing companies. This index rebalance by S&P Dow Jones Indices arrived while Nike struggled with rising short interest and pressure on quarterly profits. Meanwhile, separate index adjustments affected SpaceX, whose Nasdaq-100 weight doubled to 2.82 percent, prompting a forced buy of approximately 81 million shares against a massive 328 million share unlock.

   Why it matters

   Index rebalancing forces massive capital shifts as passive tracking funds are compelled to buy or sell equities to match updated benchmark compositions. Nike's removal reflects its declining standing relative to major technology firms entering the premier index. Separately, heavy share unlocks paired with forced index buying create intense liquidity events for large corporations.

   What is confirmed

   • Nike was removed from the S&P 100 index.
   • Sandisk, Dell, Palo Alto, and Arista entered the S&P 100 index.
   • SpaceX's Nasdaq-100 weight doubled to 2.82 percent.

   Still unconfirmed

   • The next index rebalance will be bigger and capped.

   What to watch next

   • Future index rebalance announcements by S&P Dow Jones Indices and Nasdaq
   • Nike quarterly profit performance and short interest trends
   Sources used for this update (2)

   1. financefeeds.com — SpaceX Nasdaq-100 Weight 2.82%: Index Bid vs 3.1bn Unlock Shares
   2. pro.thestreet.com — Weekly Roundup: Waiting for the Market to Show Its Hand
   confidence 90%
4. 36d ago

   Nike Exits S&P 100 Index Monday as Tech Stocks Enter

   Nike will be removed from the S&P 100 index at the start of trading on September 21. Sandisk, Dell, Palo Alto, and Arista will enter the index to replace Nike and Colgate-Palmolive. While S&P 500 funds will keep their positions, trackers of the S&P 100 must sell Nike shares before Monday's open. This rebalance by S&P Dow Jones Indices occurs as Nike faces pressure on quarterly profits and rising short interest.

   Why it matters

   The removal follows a 78.5% decline in Nike stock from its 2021 peak. The company's valuation has hit a 12-year low.

   What is confirmed

   • Nike exits the S&P 100 index at the start of trading on September 21.
   • Sandisk, Dell, Palo Alto, and Arista will join the S&P 100 index.
   • Colgate-Palmolive is also being replaced in the index.
   • S&P 100 index trackers must sell Nike shares before the September 21 open.

   Still unconfirmed

   • Nike is experiencing climbing short interest and pressure on quarterly profits.

   What to watch next

   • Market reaction at the September 21 opening bell
   • Nike quarterly profit reports
   Sources used for this update (3)

   1. economictimes.indiatimes.com — The right profit, the wrong story: How segment reporting can mislead investors
   2. www.financial-news.co.uk — Sandisk Joins S&P 100 Monday as Nike Exits Same Day
   3. www.financial-news.co.uk — The Weekly Close: Nasdaq Surges as Dow Slides on Split Market
   confidence 100%
5. 37d ago

   Dell, Palo Alto, Arista and Sandisk to Replace Nike in S&P 100

   Nike will exit the S&P 100 index at the start of trading on September 21 as part of a rebalance by S&P Dow Jones Indices. Dell, Palo Alto, Arista and Sandisk will join the index, replacing Nike and Colgate-Palmolive. While S&P 500 funds will maintain their holdings, trackers of the S&P 100 must sell their Nike shares before the September 21 open. This shift follows a 78.5% drop in Nike's stock price from its 2021 peak and a valuation at its lowest point in 12 years.

   Why it matters

   The removal reflects a broader trend of mega-cap benchmarks shifting toward AI-focused technology firms. Nike is currently attempting to stabilize its market position by rebuilding its wholesale distribution network after failures in direct-to-consumer strategies and a decline in China.

   What is confirmed

   • Nike will be removed from the S&P 100 effective at the start of trading on September 21.
   • S&P 100 trackers must sell Nike before the September 21 open.
   • Dell, Palo Alto, Arista and Sandisk are joining the index.

   Still unconfirmed

   • Analysts are discussing whether Alexandre Arnault's luxury experience could help revive Nike's legacy status.

   What to watch next

   • Official confirmation of any changes to Nike's status in the Dow Jones Industrial Average.
   • Trading volume data for Nike shares prior to the September 21 open.
   Sources used for this update (4)

   1. economictimes.indiatimes.com — Dow Jones
   2. financefeeds.com — Nike Drops Out of the S&P 100 on 21 September. Index Funds Have to Sell.
   3. see.news — Nike Faces Risk of Dow Jones Exit After S&P 100 Removal
   4. insideretail.com.au — How could Alexandre Arnault help turn Nike around?
   confidence 95%
6. 42d ago

   Nike Exits S&P 100 Index as Four Tech Firms Enter

   Nike will leave the S&P 100 index on September 21 as part of the September 2026 rebalance by S&P Dow Jones Indices. Four AI-focused technology stocks will replace Nike and Colgate-Palmolive. Nike's removal follows a valuation drop to its lowest level in 12 years, with stock prices falling 78.5% from a 2021 peak. This shift reflects updated market caps and a broader trend of mega-cap benchmarks moving toward the technology sector. Nike is currently rebuilding its wholesale distribution network to stabilize its market position after errors in direct-to-consumer strategies and a slump in China.

   Why it matters

   The S&P 100 tracks the most valuable companies in the U.S. equity market. Removal from this index often reduces institutional investment as passive funds must sell their holdings. Nike's decline highlights the volatility of retail brands facing shifting consumer habits in key markets like China.

   What is confirmed

   • Nike will leave the S&P 100 index on September 21.
   • Four AI-focused technology stocks will replace Nike and Colgate-Palmolive.
   • Nike stock fell 78.5% from a 2021 peak.
   • The S&P Dow Jones Indices rebalance reflects updated market caps.

   What to watch next

   • Identification of the four specific tech firms entering the index
   • Nike's quarterly earnings report following the wholesale network rebuild
   Sources used for this update (4)

   1. www.briefs.co — MyBank Lets Somali Women Borrow Against Their Gold Jewelry
   2. www.briefs.co — More Than A Quarter Of MKB's Corporate Loans Are Classified As Problematic
   3. en.cryptonomist.ch — Nike exits S&P 100 in 2026 rebalance, four tech firms take over slots
   4. finance.yahoo.com — Meet the Firms Turning Luxury Collectibles Into an Asset Class
   confidence 100%
7. 45d ago

   Nike Exits S&P 100 After 18 Years as AI Tech Stocks Enter

   Nike will leave the S&P 100 index on September 21 following a valuation drop to its weakest level in 12 years. The company saw its stock fall 78.5% from a 2021 peak, driven by direct-to-consumer errors and a slump in China. Colgate-Palmolive will also be removed. Four AI-focused technology stocks will replace these holdings, signaling a shift in mega-cap benchmarks toward the tech sector. Nike is currently attempting to rebuild its wholesale distribution network to stabilize its market position.

   Why it matters

   The S&P 100 tracks the largest companies in the U.S., and membership changes often reflect broader economic shifts. Nike's removal follows a period of severe devaluation. The addition of AI stocks highlights the dominant role of artificial intelligence in current market valuations.

   What is confirmed

   • Nike will exit the S&P 100 index on September 21 after 18 years.
   • Nike stock fell 78.5% from a 2021 peak.
   • Colgate-Palmolive is being removed from the S&P 100 index.
   • Four AI-focused technology stocks will replace the departing holdings.

   Still unconfirmed

   • Nike lost 80% of its value.

   What to watch next

   • Official announcement of the four specific AI stocks replacing Nike and Colgate-Palmolive
   • Nike's progress in rebuilding its wholesale distribution network
   • September 21 index rebalancing execution
   Sources used for this update (6)

   1. economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Dow Jones falls 300 points as oil price crosess $100
   2. www.briefs.co — Ledger folds IT and security under one leader as AI turbocharges crypto hacks
   3. jen.jiji.com — Game, set, glamour: The standout looks at the US Open
   4. 247wallst.com — Nike Gets Booted From S&P 100 After Losing 80% of Its Value
   5. www.briefs.co — Nasdaq puts $100 million into Kraken parent to push tokenized stocks by 2027
   6. www.briefs.co — Bond Yields Climb as Crude Clears $100, Inflation Takes a Back Seat
   confidence 90%
8. 46d ago

   Nike and Colgate-Palmolive Exit S&P 100 Index as Tech Gains Ground

   Nike will leave the S&P 100 index on September 21 after 18 years, following a valuation drop to its weakest level in 12 years. The athletic wear company saw its stock fall 78.5% from a 2021 peak due to a slump in China and direct-to-consumer errors. Colgate-Palmolive is also being removed from the index. Four AI-focused technology stocks will replace the departing holdings, reflecting a broader shift in mega-cap benchmarks toward the tech sector. Nike is currently attempting to rebuild its wholesale distribution network.

   Why it matters

   S&P 100 removals force index funds to sell shares, often creating downward price pressure. Nike's decline erases $230 billion in value and signals a loss of market leadership. The shift toward AI-focused names indicates a structural change in how the largest US companies are weighted.

   What is confirmed

   • Nike will exit the S&P 100 index on September 21 after 18 years.
   • Nike stock has dropped 78.5% from its 2021 peak.
   • Nike's stock decline is driven by struggles in the China market.
   • Four technology stocks are entering the index to replace departing companies.

   Still unconfirmed

   • Retail traders describe Nike as a sinking ship due to stale products and an uncertain turnaround under CEO Elliott Hill.
   • Colgate-Palmolive stock is under pressure following its confirmed removal from the S&P 100.

   What to watch next

   • Market reaction to the official index reshuffle on September 21
   • Progress of CEO Elliott Hill's turnaround strategy
   • Further valuation shifts in consumer staple stocks relative to AI tech
   Sources used for this update (6)

   1. www.ibtimes.com.au — Nike's stock faces significant decline due to China market struggles and removal from S&P 100 index.
   2. www.ad-hoc-news.de — Colgate-Palmolive stock falls as S&P 100 reshuffle drops the consumer staple
   3. newsable.asianetnews.com — Nike Stock Slips Premarket: Retail Calls Nike A 'Sinking Ship' After S&P 100 Exclusion
   4. en.sedaily.com — Nike's Fall: From Cultural Icon to S&P 100 Exit
   5. en.sedaily.com — Nike's Fall Shows No Leader Stays on Top Without Innovation
   6. finance.yahoo.com — Nike to exit S&P 100 index after hitting weakest valuation in 12 years
   confidence 90%
9. 48d ago

   Nike Exits the S&P 100 Index After 18 Years

   Nike will leave the S&P 100 index on September 21 after spending 18 years in the benchmark. The athletic footwear giant is exiting following an extended market value decline that includes a 78 percent stock crash erasing $230 billion in value. Shares are currently trading near 52-week lows at $38.39, holding a consensus Hold rating with a $52.94 price target. Four technology stocks are moving into the index to replace departing holdings as index funds are forced to sell. The sportswear company is currently reversing course to rebuild wholesale distribution.

   Why it matters

   The departure marks a major retreat for a blue-chip company that once dominated consumer retail. Nike leaned heavily into direct-to-consumer and digital sales, which strained key wholesale relationships and allowed competitors to capture market share. Sliding sales in China further exacerbated the prolonged downturn. The index reshuffling also highlights a broader shift inside the S&P 100 fund toward artificial intelligence infrastructure plays.

   What is confirmed

   • Nike will leave the S&P 100 index on September 21 after 18 years.
   • Nike stock trades near 52-week lows at $38.39 with a Hold rating and $52.94 price target.
   • Four technology stocks are moving into the S&P 100 index to replace departing companies.

   Still unconfirmed

   • The S&P 100 exit may mark a total market capitulation for Nike stock after a 78 percent drop.

   What to watch next

   • The official index removal date of September 21
   • Future quarterly earnings reports to gauge the success of rebuilt wholesale distribution and product innovation
   • Further portfolio adjustments by the iShares S&P 100 ETF
   Sources used for this update (11)

   1. finance.yahoo.com — Nike Exits the S&P 100 Index. 4 Tech Stocks Move In
   2. Forbes — Nike Stock Fell 78% And S&P 100 Exit May Mark Capitulation
   3. Hypebeast — Nike To Leave the S&P 100 on September 21
   4. The Times of India — Why Nike stock has fallen and what it means for fashion
   5. Seeking Alpha — Nike: Just Not Doing It (NKE)
   6. blockonomi.com — Nike (NKE) Stock Exits S&P 100 Index After Nearly Two Decades
   7. 247wallst.com — The S&P 100 ETF Just Dumped Nike and Colgate for 4 AI Stocks. Here’s What That Means for Your Portfolio
   8. coincentral.com — Nike (NKE) Stock Booted From S&P 100 After 18 Years. What Now?
   9. www.outlookbusiness.com — Nike To Be 'Deleted' From S&P 100: How The Giant Shoe Brand Is Losing Ground
   10. blockonomi.com — Novo Nordisk A/S (NVO) Stock: Drops as Semaglutide Helps 40% of Children Exit Obesity Classification
   11. startupfortune.com — Nike Drops Out of the S&P 100 After Losing $230 Billion in Value
   confidence 95%