Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout
Summary
Nike exits the S&P 100 after 18 years, wiping out roughly $200B in market cap and signaling a shift in index composition. The piece details Nike's deteriorating core metrics, China challenges, and a broader rebalancing where tech and data infrastructure firms join the benchmark. It highlights implications for investors and SMBs tracking market leadership in tech-heavy sectors.