NKE Falls, Just NOT Do(ing) It, anymore ?
@JC888:
The Removal. I have always associated $Nike(NKE)$ as one of those “it” or blue-chip stocks because of its most popular and best-selling lifestyle and streetwear series - the Nike Air Force 1. Besides that, the Nike Pegasus stands as its longest-running & most popular performance running franchise. And how could we forget its other massive multi-decade bestsellers include the Air Max and Air Jordan series. Therefore, it came as a surprise when I came across the news print that NKE will be removed from the S&P 100 index’s listing before US trading opens on Mon, 21 Sep 2026. (see below) This comes as part of S&P 500 and Dow Jones Indices’ quarterly rebalance announced on 04 Sep 2026. NKE will be replaced by