Nike is scheduled to exit the S&P 100 on September 21 as part of the quarterly rebalance by S&P Dow Jones Indices.

From the S&P 500, Dell Technologies, Palo Alto Networks, Arista Networks and SanDisk are added to the S&P 100.

Concurrently, Honeywell Aerospace, Simon Property Group and Colgate-Palmolive will depart the index.

The rebalancing continues to tilt the benchmark toward chips, cloud hardware and cybersecurity names.

Nike will remain in the S&P 500.