S&P Dow Jones Indices removes Nike from the S&P 100 index

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S&P Dow Jones Indices removes Nike from the S&P 100 index

⚡ Markets: The removal from the S&P 100 forces passive funds benchmarked to the index to liquidate their positions, which can cause short-term technical selling pressure on Nike (NKE) stock.NKE

Nike Inc. is being removed from the S&P 100, an index of mega-cap blue-chip companies, after nearly two decades. The removal reflects the stock's significant underperformance and marks a notable change for the widely-tracked index.

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2 sources across the spectrum

West RightZeroHedge — Biggest 'Go Woke, Get Broke' Story Of A Generation: S&P Nukes Nike From Elite Blue-Chip Index

Google WestGoogle News (UK) — Nike Stock Fell 78% And S&P 100 Exit May Mark Capitulation

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