GoKawiilNike dropped from S&P 100 after losing $200 billion in market value
Nike will be removed from the S&P 100 index on September 21, ending an 18-year run, as its market capitalization has fallen from a 2021 peak of $264 billion to about $57 billion today. The sportswear giant remains in the broader S&P 500, but its removal from the top-100 index reflects a sustained decline, including a 36% drop in market cap in 2026 alone. Honeywell Aerospace, Simon Property Group and Colgate-Palmolive are also exiting the index the same day, replaced by tech firms like Dell, Palo Alto Networks, Arista Networks and Sandisk.
GoKawiil's interpretation of the reporting above, not reported fact.
Nike's fall signals deeper trouble in its core business, not just a market blip—fiscal 2026 revenue slipped 2% and sales in Greater China plunged 17%, with more declines forecast into 2027. The index reshuffle also underscores a broader shift in corporate America's center of gravity, as index compilers replace legacy consumer brands with infrastructure and cybersecurity companies tied to the data and AI boom.
- Nike exits the S&P 100 on Sept. 21 after 18 years, though it stays in the S&P 500.
- The company's market cap has collapsed 78% from its 2021 peak, driven by weak China sales and falling revenue.
- Tech firms like Dell and Palo Alto Networks are replacing Nike and other legacy names, reflecting a shift toward data infrastructure.
Nike Pegasus 41 Running Shoes — Whatever the stock chart says, the Pegasus is still Nike's workhorse daily trainer and the shoe most runners reach for. Responsive cushioning and a familiar fit make it an easy pick for everyday miles. A fitting way to judge the swoosh on the road rather than the ticker.
See Nike Pegasus 41 Running Shoes on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: fortune.com — Joshua Hong, 2026-09-14
Published there as: “Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout”
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