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Nike exits S&P 100 after $200B market-cap wipeout
The gist
Nike will exit the S&P 100 on Sept. 21 after a $200 billion market-cap wipeout.
The stock sits near $38, down about 80% from its 2021 peak.
How it unfolded
- Nov 2021Nike hit an all-time high market cap of $264 billion, with shares at $179.10.
- Sep 8, 2026Fortune reported Nike is losing its S&P 100 spot after losing over $200 billion in market cap since 2021, a near 80% drop; it is now worth roughly $57 billion with shares around $38.
- Sep 21, 2026Nike will exit the S&P 100 benchmark.