Nike's Dramatic Decline Leaves Dow Index Lacking

The Dow Jones Industrial Average is no longer considered a representative major index, according to some market observers. Despite its past significance as the main US equity index, it has been surpassed by other alternatives like the S&P 500 and Nasdaq.

Nike (NKE) is one of the worst performers within the Dow's 30 components, with its stock price nearly cut in half over the past year.

This makes Nike the worst performer in the index, far surpassing other lagging stocks. The company's poor performance has been consistent over time, raising questions about its future prospects.