Nike has been removed from the S&P 100 index after an 18-year tenure, marking a significant decline in its market capitalization. This exclusion follows a substantial drop in the company's market value, estimated at $200 billion. The move reflects a period of considerable financial downturn for the athletic apparel giant. AI
RANK_REASON Significant financial event for a major company, involving removal from a key stock index. [lever_c_demoted from significant: ic=1 ai=0.1]
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