Nike Exits S&P 100 After 18-Year Run — SkimNews
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- Nike (NKE) is set to leave the S&P 100 on September 21 as part of the index's quarterly rebalance, ending a nearly 18-year run in the index.
- The same rebalance adds Dell Technologies (DELL), Palo Alto Networks (PANW), and Arista Networks to the S&P 100.
Why it matters: Index funds and ETFs tracking the S&P 100 must rebalance by September 21, shifting passive flows away from Nike toward Dell Technologies, Palo Alto Networks, and Arista Networks. Nike's removal after 18 years marks a shift in which large-cap names the index considers representative of the U.S. market.
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