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Nike Out? Dow Could Swap In Tesla or Airbnb | Business and Finance News
Description
Nike’s days in the Dow Jones Industrial Average may be numbered, as its slipping stock price and sluggish growth—especially in China and amid direct-to-consumer shifts—diminish its influence in the price-weighted index. Analysts are eyeing Tesla or Airbnb as potential replacements: Tesla for its EV and energy momentum, Airbnb for its deep ties to travel and discretionary spending. Both boast higher stock prices, giving them greater sway in the Dow’s structure. Nike’s iconic brand might not be enough to stay relevant in the index’s current formula.
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