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Nike to leave S&P 100 in September 21 rebalance

Nike (NYSE:NKE) will leave the S&P 100 on September 21 as part of the index rebalance, ending nearly 18 years in the lineup.

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Nike NYSE:NKE is set to leave the S&P 100 on September 21 when the index is rebalanced, ending a nearly 18-year run in the benchmark. The move underscores how far the sportswear group’s market standing has fallen. Dell Technologies and Palo Alto Networks are among the names slated to take its place.