Nike forgot that Republicans buy sneakers, too, and now it's getting booted from the S&P 100

Nike forgot that Republicans buy sneakers, too, and now it's getting booted from the S&P 100 — Live Feedhttps://www.live-feeds.com/feed/nike-forgot-that-republicans-buy-sneakers-too-and-now-it-s-getting-booted-from-the-s-p-100Continuously updated, source-cited coverage. Nike exits S&P 100 after market value drops $200 billionhttps://www.live-feeds.com/feed/nike-forgot-that-republicans-buy-sneakers-too-and-now-it-s-getting-booted-from-the-s-p-100https://www.live-feeds.com/feed/nike-forgot-that-republicans-buy-sneakers-too-and-now-it-s-getting-booted-from-the-s-p-100#u64746Fri, 11 Sep 2026 05:26:59 +0000Nike has been removed from the S&P 100 index following a 39% decline in share value this year. The company saw a $200 billion market-cap wipeout, ending an 18-year tenure in the index. While the company has been dropped from the S&P 100, Nike has reassured its executives that the stock remains part of the S&P 500. Management is currently attempting to execute a turnaround strategy to reverse the stock's faltering performance.Why it mattersThe S&P 100 tracks the largest companies in the S&P 500. Removal from this index often reflects significant losses in market capital