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Deep Dive

Philip van Doorn

May 14, 2019, 7:08 a.m. EDT

Here are Monday’s worst stock-market performers as U.S.-China trade dispute escalates

Apple posts the biggest decline among the Dow 30

By Philip van Doorn, MarketWatch


Bloomberg
Apple reported a 22% decline in sales in China for the quarter ended March 30.

(This story has been updated with closing stock market prices.)

Following a week of losses, investors were faced Monday with a heavy sell-off of U.S. stocks.

Following President Trump’s decision to increase tariffs to 25% from 10% on $200 billion in annual imports from China, which went into effect Friday, China said it would set 25% tariffs on $60 billion in annual imports from the U.S. on June 1.

More trade coverage:

• China media says ‘fierce U.S. offensive’ over trade won’t work

• Trump says China is making a losing bet that he’ll be beaten in 2020

• Trump’s tariff war with China will hit TVs, dishwashers, toys, lithium batteries, iPhones

The Dow Jones Industrial Average (DOW:DJIA)  fell 617 points (2.4%) to close at 25,324.99. The S&P 500 Index (S&P:SPX)  was also down 2.4%, while the Nasdaq Composite Index (AMERICAN:COMP)  plunged 3.4%.

Apple (NAS:AAPL)  led the Dow Jones Industrial Average lower Monday, with a decline of 5.8%. The iPhone maker had reported a 22% decline in sales in China for the quarter ended March 30 from a year earlier. More recently, the U.S. Supreme Court ruled that consumers can proceed with an antitrust lawsuit against the tech-giant’s marketplace for iPhone apps.

All components of the Dow 30 were down for the day except for Procter & Gamble (NYS:PG) :

Company Ticker Price change - May 13 Price change - 2019 Decline from 52-week high
Apple Inc. (NAS:AAPL) -5.8% 17.7% -20.5%
Boeing Co. (NYS:BA) -4.9% 4.6% -24.4%
Caterpillar Inc. (NYS:CAT) -4.6% -1.4% -22.5%
DowDuPont Inc. -3.9% -15.9% -37.5%
Cisco Systems Inc. (NAS:CSCO) -3.9% 18.4% -10.8%
United Technologies Corp. (NYS:UTX) -3.8% 23.9% -8.6%
Goldman Sachs Group Inc. (NYS:GS) -3.5% 16.7% -20.7%
Intel Corp. (NAS:INTC) -3.1% -4.6% -24.9%
Microsoft Corp. (NAS:MSFT) -3.0% 21.4% -6.1%
International Business Machines Corp. (NYS:IBM) -2.9% 15.6% -14.9%
JPMorgan Chase & Co. (NYS:JPM) -2.7% 12.1% -8.2%
Walgreens Boots Alliance Inc. (NAS:WBA) -2.4% -23.7% -39.6%
Home Depot Inc. (NYS:HD) -2.2% 10.8% -11.6%
American Express Co. (NYS:AXP) -2.2% 21.6% -3.1%
Visa Inc. Class A (NYS:V) -2.1% 19.2% -5.1%
Walt Disney Co. (NYS:DIS) -2.0% 19.8% -7.7%
Walmart Inc. (NYS:WMT) -2.0% 7.2% -6.0%
Nike Inc. Class B (NYS:NKE) -1.7% 11.3% -8.3%
Johnson & Johnson (NYS:JNJ) -1.3% 6.3% -7.9%
Merck & Co. Inc. (NYS:MRK) -1.3% 1.0% -8.0%
Chevron Corp. (NYS:CVX) -1.3% 10.7% -8.1%
Exxon Mobil Corp. (NYS:XOM) -1.1% 11.0% -13.3%
3M Co. (NYS:MMM) -1.0% -8.6% -20.8%
McDonald's Corp. (NYS:MCD) -0.5% 12.1% -0.7%
UnitedHealth Group Inc. (NYS:UNH) -0.4% -3.8% -16.8%
Travelers Companies Inc. (NYS:TRV) -0.4% 19.8% -0.6%
Pfizer Inc. (NYS:PFE) -0.4% -7.1% -12.7%
Coca-Cola Co. (NYS:KO) -0.3% 1.5% -5.5%
Verizon Communications Inc. (NYS:VZ) -0.3% 0.9% -7.8%
Procter & Gamble Co. (NYS:PG) 0.1% 15.4% -1.0%
Source: FactSet

You can click the tickers for more coverage of each company, including news, price ratios, ratings and financials.

Among the S&P 500, 90% of stocks were down. The best performer, Newmont Goldcorp (NYS:NEM) , was up 2.5%. Here are Monday’s 10 worst performers in the S&P 500:

Company Ticker Price change - May 13 Price change - 2019 Decline from 52-week high
Mylan N.V. (NAS:MYL) -9.4% -26.7% -52.8%
Arista Networks Inc. (NYS:ANET) -7.7% 15.8% -26.4%
IPG Photonics Corp. (NAS:IPGP) -7.3% 25.7% -45.6%
Skyworks Solutions Inc. (NAS:SWKS) -7.2% 14.3% -26.5%
Invesco Ltd. (NYS:IVZ) -7.1% 18.4% -31.6%
Seagate Technology PLC (NAS:STX) -7.1% 14.1% -26.6%
Tiffany & Co. (NYS:TIF) -6.8% 21.3% -31.0%
Gap Inc. (NYS:GPS) -6.7% -11.7% -33.5%
SVB Financial Group (NAS:SIVB) -6.4% 22.2% -30.5%
Microchip Technology Inc. (NAS:MCHP) -6.3% 16.3% -19.8%
Source: FactSet

Here are the worst 10 performers in the Nasdaq-100 (AMERICAN:NDX)  for the day:

Company Ticker Price change - May 13 Price change - 2019 Decline from 52-week high
Mylan N.V. (NAS:MYL)   -9.4% -26.7% -52.8%
Skyworks Solutions Inc. (NAS:SWKS) -7.2% 14.3% -26.5%
NXP Semiconductors NV (NAS:NXPI) -7.0% 27.1% -23.8%
Microchip Technology Inc. (NAS:MCHP) -6.3% 16.3% -19.8%
Western Digital Corp. (NAS:WDC) -6.3% 16.3% -51.5%
Maxim Integrated Products Inc. (NAS:MXIM) -6.2% 5.1% -16.1%
Wynn Resorts Ltd. (NAS:WYNN)   -6.2% 23.2% -39.8%
Advanced Micro Devices Inc. (NAS:AMD) -6.2% 42.1% -23.1%
Nvidia Corp. (NAS:NVDA) -6.1% 18.7% -45.9%
Incyte Corp. (NAS:INCY) -6.1% 19.1% -14.7%
Source: FactSet

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