Nike Booted From S&P 100 After 18 Years
· Business · Moneycontrol
Nike has been removed from the S&P 100 index after maintaining its position for 18 years, reflecting a significant shift in market capitalization and index composition. The athletic wear giant was dropped alongside three other companies as index providers adjusted their holdings. To fill the vacant slots, four prominent technology stocks were added to the elite benchmark index. The changes take effect as part of the regular rebalancing process overseen by index managers.
Why it matters
The removal from the S&P 100 strips Nike of a prestigious anchor held by institutional funds and index-tracking portfolios, signaling a broader market rotation toward technology equities.
Read the original report — Moneycontrol
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