Nike’s position in the Dow Jones Industrial Average is coming under increasing scrutiny as the sportswear giant faces another major index exit amid a prolonged decline in its market value and share price.
S&P Dow Jones Indices said earlier this month that Nike will be removed from the S&P 100 before trading begins on September 21 as part of a quarterly rebalancing. The move will end the company’s 18-year presence in the blue-chip index.
