Nike to Leave the S&P 100 as Stock Decline Continues
Nike is set to be removed from the S&P 100 before the Sept. 21 open, ending about 18 years in the index, following a prolonged decline that has erased more than three-quarters of its stock-market value since its 2021 peak. The move underscores broader pressure on athletic-wear brands, alongside weakness reported by Lululemon.