Nike stock heads into the open after a 39.3% year-to-date drop

At the close on September 4, 2026, Nike stock finished at USD 38.40 on the New York Stock Exchange, down 39.3% year to date and roughly 50% below its 52-week high. The move came as Nike is set to lose its place in the S&P 100 index.

Nike stock closed at USD 38.40 on the New York Stock Exchange on September 4, 2026, marking a steep decline of 39.3% since the start of the year and leaving the shares roughly 50% below their 52-week high of USD 76.97.Invezz Market data show that this closing level also sits just above a 52-week low of USD 37.95, underscoring how far the stock has fallen compared with late 2021 highs.

September 4, 2026 in numbers

NIKE, Inc. (ISIN US6541061031, NYSE: NKE) ended the September 4, 2026 session at USD 38.40 after trading near its recent 52-week low of USD 37.95 and well below the 52-week high of USD 76.97.CNN Chile According to market wrap data, this close left the shares about 1.2% above the 52-week low and 50.1% beneath the 52-week high in the same period, while the company’s market capitalization stood near USD 57 billion, sharply lower than at the end of 2021.Economic Times Over the past twelve months the stock has fallen 48.2%, and since its record closing level near USD 179 in November 2021, Nike has lost almost 80% of its equity value, erasing roughly USD 220 billion in market capitalization.Invezz In contrast, the broader S&P 100 index gained more than 80% over the same multi-year stretch, highlighting the extent to which Nike lagged the large-cap benchmark.Economic Times

A key driver for the latest session was the announcement that Nike will be removed from the S&P 100 index ahead of the U.S. market opening on September 21, 2026, after nearly 18 years in the benchmark.FinanceFeeds Index provider data indicate that the decision reflects Nike’s sharply reduced market capitalization and persistent share price weakness rather than any change to its S&P 500 membership, as the company remains in that broader index.Yahoo Finance Commentaries from financial media point to a combination of weaker demand trends, competitive pressure and margin concerns in key markets such as China as factors behind the prolonged share price slide, though these structural issues have played out over several quarters rather than only in the latest session.Invezz

Index reshuffle and data to watch today

Today, September 8, 2026, Nike does not have a scheduled earnings release or shareholder meeting within the next few days in the available calendars, but investors are set to monitor reactions to the recent news that the stock will exit the S&P 100 index on September 21, 2026, which could affect passive fund positioning around that date.Yahoo Finance From a market perspective, broader U.S. equity sentiment, particularly moves in the S&P 500 and other large-cap benchmarks, remains relevant for Nike given its consumer discretionary exposure and sensitivity to household spending trends. Economic data releases and central-bank commentary over the coming days that influence expectations for interest rates and consumer demand may therefore have an indirect impact on how the stock trades once the next U.S. session begins.