S P 100

Nike 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.