16 Hrs
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الاقتصادية
Nike may exit Dow Jones after S&P 100 removal
Reports indicate that Nike is facing increasing pressure to remain listed on the Dow Jones Industrial Average, especially following its removal from the S&P 100 index starting September 2023. This marks the end of its 18-year presence in that index. The exclusion is attributed to the company's declining market value, weak sales over the past five years, slowing innovation, and a recent drop in its share price to around $36, the lowest among Dow Jones components. The company’s share of the Dow is approximately 0.4%, the smallest among the index constituents. It is expected that its removal will continue to be linked to undisclosed market criteria, as there are no fixed timelines for removing stocks from the Dow Jones. The performance of the stocks, including price and relative weights during any changes, is taken into account.
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