Nike forgot that Republicans buy sneakers, too, and now it's getting booted from the S&P 100

Nike was removed from the S&P 100 index, with the company's market capitalization declining by approximately $200 billion from its peak. The shift coincided with changes in the company's marketing strategy and consumer response across different demographics. Nike's stock performance and index composition are determined by market capitalization thresholds set by S&P Dow Jones Indices.

Next story