Nike dropped from S&P 100 after sharp share decline
Nike's stock has fallen sharply, leading to its removal from the S&P 100 index after nearly two decades.
The world's largest sports apparel maker saw its shares tumble dramatically, prompting the S&P 100 committee to take the company off the index for the first time in almost 18 years. Despite the setback, Nike remains listed in the broader S&P 500. The move reflects concerns over strategic missteps and slowed innovation at the firm.
Why it matters
Nike's exit from a premier index signals a major shift for a leading consumer brand and impacts market confidence.
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nikesp 100stock declineindex removals&p 500sports apparelmarket crisis
