Nike faces potential removal from the Dow Jones
Nike faces potential removal from the Dow Jones Industrial Average after an 80 percent slump in market value. The sportswear giant is also set to leave the S&P 100 index later this month following years of declining sales.
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NIKE INC -CL B faces potential removal from the Dow Jones Industrial Average after S&P Dow Jones Indices removed it from the S&P 100, dropping its share price to $36. The sportswear giant's market value slumped 80% over five years due to slowing sales and rising competition. The drop makes Nike the smallest component in the price-weighted index, fueling exit fears among investors in United States equities.
