These Five S P 500 Stocks Lost Nearly Half A Trillion Dollars In Value In A Day Amid Widespread Wiping Out

Fears of the Federal Reserve’s continued tightening of monetary policy to fight inflation sent the Dow Jones Industrial Average DJIA, -3.94% down 1,276 points (or 3.9%) to 31,104, with all 30 to decline as selling activity picked up late in the session. . It was the biggest drop since June 2020. The benchmark S&P 500 SPX, -4.32% fell 4.3%, with all but six constituent stocks down for the day. The Nasdaq Composite Index COMP, -5.16% fared even worse, falling 5.2%, reflecting a selloff in technology-oriented stocks. Overall, it was the worst daily decline for the three indexes since June 11, 2020. The Nasdaq-100 NDX, -5.54% fell 5.5% with every single stock ending up in the red. Read: US inflation roars in August, CPI shows, despite falling gas prices Nvidia Corp. NVDA, -9.47% and Meta Platforms Inc. META, -9.37% led the plunge for the S&P 500’s largest technology-oriented companies, each down 9.4%, followed by Advanced Micro Devices Inc . AMD, -8.99% , which fell 8.8%. The five largest S&P 500 companies by market capitalization lost $477 billion in value, as you can see here: Among the six S&P 500 stocks that did not decline on Sept. 13, Twitter Inc. Twitter stock is now down 39% from its 52-week intraday high on October 20, 2021. Here are the 20 worst performers in the large-cap benchmark for the day: Company Ticker Price Change – September 13 Price Change – 2022 Drop from 52-Week Intraday High 52-Week High Date Eastman Chemical Co. EMN, -11.34% -11.1% -30.2% -34.8% 01/19/2022 Nvi Corp. NVDA, -9.47% -9.4% -55.3% -62.1% 11/22/2021 Meta Platforms Inc. Class A AFTER, -9.37% -9.4% -54.5% -60.1% 10/09/2021 Lumen Technologies Inc. LUMN, -9.14% -9.1% -27.1% -36.8% 11/05/2021 Western Digital Corp. WDC, -9.13% -9.1% -39.7% -43.3% 05/01/2022 Advanced Micro Devices Inc. AMD, – 8.99% -8.8% -46.4% -53.1% 11/30/2021 Caesars Entertainment Inc. CZR, -8.62% -8.7% -51.3% -62.0% 10/01/2021 Whirlpool Corp. WHR, -8.5%5% -37.6% -40.4% 01/05/2022 Generac Holdings Inc. GNRC, -8.40% -8.2% -39.3% -59.3% 11/02/2021 NXP Semiconductors NV NXPI, -8.05% -8.2% -3.5% -8, 2% -3. % 12/07/2021 Capital One Financial Corp. COF, -7.97% -8.0% -30.4% -42.2% 10/21/2021 Synchrony Financial SYF, -7.87% -7.9% -31.9% -39.8 % 10/1 2021 Lennar Corp. Class A LEN, -7.91% -7.9% -36.1% -36.8% 12/13/2021 Align Technology I NC. ALGN, -7.74% -7.8% -62.4% -66.5% 09/23/2021 Netflix Inc. % -7.8% -44.9% -53.1% 09/14/2021 Franklin Resources Inc. BEN, -7.89% -7.6% -26.2% -35.4% 11/02/2021 Micron Technology Inc. MU, -7.46% -7.4% -42.4% -45.5% 05/01/2022 BlackRock Inc. BLK, -7.45% -7.3% -29.5% -33.7% 11/12/2021 Paramount Global Class B PARA, -7.13% -7.3% -25.5% -45 . % 09/28/2021 Source: FactSet Click on the tickers for more on each company. Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on MarketWatch’s deals pages. Don’t Miss: 12 Semiconductor Stocks Bucking the Downtrend And for income: Preferred stocks can offer hidden opportunities for dividend investors. Just look at this example of JPMorgan Chase. Hear Ray Dalio at MarketWatch’s Best New Ideas in Money Festival on September 21st and 22nd in New York. The hedge fund pioneer has strong views on where the economy is headed.