Nike Stock Tanks, Leads Dow Jones Losers

The Dow Jones Industrial Average is facing criticism for being less representative of the US market in modern times. While it has been the main US equity index, alternatives like the S&P 500 and Nasdaq are gaining traction.

Nike (NKE) is one of the worst performers in the Dow Jones, having lost nearly half its value over the past year. It is by far the worst performer in the index during this time period.

The performance of Nike is notable, especially compared to other big winners within the Dow Jones components. Despite the lagging performance of the Dow itself, some stocks have seen significant gains. However, for Nike, the past year has been particularly tough.