Nike Exits the S&P 100 Index. 4 Tech Stocks Move In

Nike leaves the S&P 100 on September 21, and four technology companies take its place. Dell Technologies, Palo Alto Networks, Arista Networks and SanDisk all move up from the wider S&P 500.

S&P Dow Jones Indices confirmed the changes in its quarterly rebalance. Nike keeps its S&P 500 membership, but it drops out of the 100 largest US companies.

Four Tech Names Take the Open Seats

Nike is not the only exit. Honeywell Aerospace, Simon Property Group and Colgate-Palmolive also leave on the same date. Every replacement, however, comes from the information technology sector.

The index now leans more heavily toward chips, cloud hardware, and cybersecurity.

Arista sells the switches that connect AI data centers. SanDisk, spun out of Western Digital last year, makes flash memory.

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