The drop in gasoline prices could not mask the problem that frightened investors on September 13th: Core consumer prices resumed their rapid rise during August.
Fear of continued Fed tightening of monetary policy to fight inflation sent the Dow Jones Industrial Average DJIA,
It fell 1,276 points (or 3.9%) to 31,104, with all 30 components showing a decline as selling activity increased late in the trading session. It was the biggest drop since June 2020.
S&P 500 SPX standard,
It fell 4.3 percent, with all but six of the day’s constituent stocks falling. Nasdaq Composite Index,
The performance was worse with a 5.2% drop, reflecting the sell-off of technology-oriented stocks.
In all, this was the worst one-day decline for the three indices since June 11, 2020.
Nasdaq -100 NDX Index,
It fell 5.5% with every single component stock closing in red.
Read: US inflation reappears in August, despite lower gas prices
Nvidia Corp. NVDA,
and Meta Platforms Inc. META,
The decline was led by the largest tech-oriented companies in the S&P 500, each down 9.4%, followed by Advanced Micro Devices Inc. AMD,
That fell 8.8%.
The top five S&P 500 companies by market capitalization lost $477 billion in value, as you can see here:
| a company | ribbon | Market capitalization – close on September 13th ($ million) | Change in market capitalization – September 13 ($ million) | Change in Market Cap – 2022 (Million Dollars) | Price change – September 13 | Price change – 2022 |
|
Apple company |
AAPL, |
$2,472,164 |
– 154,279 dollars |
– $44,120 |
-5.9% |
-13.4% |
|
Microsoft Corporation. |
MSFT, |
$1,881,179 |
– $107,468 |
– 643,905 dollars |
-5.4% |
-25.0% |
|
Amazon.com Inc. |
AMZN, |
$1,291,171 |
– $98,921 |
– $399,832 |
-7.1% |
-24.0% |
|
Alphabet Inc. Class A |
Google, |
$1,268,670 |
– $79,277 |
– $647.237 |
-5.9% |
-28.0% |
|
Tesla Corporation |
TSLA, |
$916603 |
– $37,288 |
– $144,684 |
-3.9% |
-17.0% |
| totals | $78,29786 | – $477,234 | – $2,276,778 | |||
|
Source: FactSet |
||||||
Worst Loser in the S&P 500
Among the six stocks in the S&P 500 that did not decline on September 13, the notable performer was Twitter Inc. TWTR,
Which rose 0.8% after the company’s shareholders He accepted the controversial takeover offer of Tesla CEO Elon Musk. Twitter stock is now down 39% from its 52-week high on October 20, 2021.
Here are the 20 worst-performing companies in the Big Capital Benchmark Index for today:
| a company | ribbon | Price change – September 13 | Price change – 2022 | Down from 52-week high | 52-week high history |
|
Eastman chemical company |
EMN, |
-11.1% |
-30.2% |
-34.8% |
01/19/2022 |
|
Nvidia Corp. |
NVDA, |
-9.4% |
-55.3% |
-62.1% |
11/22/2021 |
|
Meta Platforms Inc. Class A |
dead, |
-9.4% |
-54.5% |
-60.1% |
09/10/2021 |
|
Lumen Technologies Inc. |
LUMN, |
-9.1% |
-27.1% |
-36.8% |
11/05/2021 |
|
Western Digital Corporation. |
WDC, |
-9.1% |
-39.7% |
-43.3% |
01/05/2022 |
|
Advanced Micro Devices Inc. |
AMD, |
-8.8% |
-46.4% |
-53.1% |
11/30/2021 |
|
Caesars Entertainment Inc. |
CZR, |
-8.7% |
-51.3% |
-62.0% |
01/10/2021 |
|
Whirlpool Corporation. |
WHR, |
-8.5% |
-37.6% |
-40.4% |
01/05/2022 |
|
Generac Holdings Inc. |
GNRC, |
-8.2% |
-39.3% |
-59.3% |
02/11/2021 |
|
NXP Semiconductor NV |
NXPI, |
-8.2% |
-31.8% |
-35.3% |
12/07/2021 |
|
Capital One Financial Corporation. |
COF, |
-8.0% |
-30.4% |
-42.2% |
10/21/2021 |
|
financial synchronization |
SYF, |
-7.9% |
-31.9% |
-39.8% |
10/19/2021 |
|
Lennar Corp. Class A |
LEN, |
-7.9% |
-36.1% |
-36.8% |
12/13/2021 |
|
Align Technology Inc. |
ALGN, |
-7.8% |
-62.4% |
-66.5% |
09/23/2021 |
|
Netflix Inc. |
NFLX, |
-7.8% |
-63.8% |
-68.9% |
11/17/2021 |
|
Qorvo Company |
QRVO, |
-7.8% |
-44.9% |
-53.1% |
09/14/2021 |
|
Franklin Resources Inc. |
The son of , |
-7.6% |
-26.2% |
-35.4% |
02/11/2021 |
|
Micron Technology Co. |
MU, |
-7.4% |
-42.4% |
-45.5% |
01/05/2022 |
|
Black Rock Company |
BLK, |
-7.3% |
-29.5% |
-33.7% |
11/12/2021 |
|
Paramount Global Class B |
bara, |
-7.3% |
-25.5% |
-45.4% |
09/28/2021 |
|
Source: FactSet |
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Click on the indicators to learn more about each company. click over here For Tomi Kilgore’s detailed guide to the wealth of information freely available on MarketWatch’s quotes pages.
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