The iShares S&P 100 ETF recently replaced Nike, Colgate-Palmolive, Simon Property Group, and Honeywell with four AI-related tech companies: Dell Technologies, Palo Alto Networks, Arista Networks, and SanDisk. This change reflects the growing market capitalization of AI infrastructure firms and highlights the ETF's shift from traditional blue-chip stocks to a tech-focused portfolio. Investors should note that while the ETF still offers mega-cap exposure, it now resembles a tech-heavy fund similar to Invesco QQQ but with a higher fee. For those seeking broad market exposure, Vanguard's S&P 500 ETF (VOO) is a cheaper alternative, while QQQ offers deeper tech and AI focus.
S&P Dow Jones Indices announced changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective September 21, 2026. The updates include additions and removals of several companies to better reflect their market capitalization ...
Nike shut down 11 stores across the U.S. in July, including a key location in San Jose, California, as part of broader efforts to restructure its global operations and address declining sales. The closures span multiple states and follow a major Apri...
