Nike Pays the Price For Going Woke, Dropped by S&P 100 as Stock Hits New Low › American Greatness- amgreatness.com

Sportswear giant Nike was officially dropped from the S&P 100 index on Monday, ending an 18-year run as a blue-chip member and following a steep decline in market value after nearly a decade of woke messaging.

Breitbart reports the S&P officially made the move to eliminate the sportswear company from its top 100 corporations index because the company no longer measures up to the others rated.

🇺🇸 Nike ($NKE) just got the literal boot

After an 80% crash from its peak and $230 BILLION in market cap evaporated, Nike is getting kicked out of the S&P 100 after nearly 18 years.

A slow-motion collapse of one of the most iconic brands on earth.

When index funds are forced… pic.twitter.com/FZQ78ih7lr

— Mario Nawfal (@MarioNawfal) September 5, 2026