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Nike exits S&P 100 after 18 years; Palo Alto Networks to replace it
La Nación (Argentina)LO·US·1 day ago
Nike is being removed from the S&P 100 index after nearly 18 years, following a 78% value loss since its 2021 peak and a 40% drop in 2026. This reflects sustained underperformance amid tech sector dominance and raises questions about Nike's turnaround prospects.