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May 9, 2019, 1:10 p.m. EDT

Here are this week’s biggest stock-market losers as Trump’s trade war on China continues

DowDuPont lead the Dow lower, while chip stocks falter

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By Philip van Doorn, MarketWatch


Bloomberg
President Donald Trump

U.S. stocks declined for a fourth straight trading session Thursday after President Trump said China’s government “broke the deal” on trade.

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.88% fell as much as 450 points (1.7%), while the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -1.12%  pulled back as much as 1.5%, and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.07%  was down as much as 1.8%.

More on trade negotiations and how the markets may be affected as President Trump’s Friday deadline for more tariffs on imports from China approaches:

• ‘China has chosen to retreat’ — the U.S. view as negotiations reach critical juncture

• With Trump threatening to tighten the trade screws, here’s a look at what tariffs have done so far

• How U.S.-China trade uncertainty could trigger a stock-market buy signal

Index losers

All but two of the Dow 30 stocks were down for the week, as of noon ET on Thursday:

Company Ticker Price change since May 3 Price change - May 9, 2019 Price change - 2019 Price change - 2018 Decline from 52-week high
DowDuPont Inc. -11.4% -2.4% -14.0% -49.5% -36.1%
Intel Corp. /zigman2/quotes/203649727/composite INTC -9.7% -5.1% -0.5% 1.7% -21.6%
Boeing Co. /zigman2/quotes/208579720/composite BA -7.4% -3.1% 8.1% 9.4% -21.8%
Caterpillar Inc. /zigman2/quotes/203434128/composite CAT -7.3% -2.3% 1.5% -19.4% -20.2%
Apple Inc. /zigman2/quotes/202934861/composite AAPL -6.3% -2.3% 25.7% -6.8% -15.1%
3M Co. /zigman2/quotes/205029460/composite MMM -5.4% -1.9% -8.0% -19.0% -20.3%
United Technologies Corp. -5.0% -1.8% 26.4% -16.5% -6.8%
International Business Machines Corp. /zigman2/quotes/203856914/composite IBM -4.7% -3.1% 17.6% -25.9% -13.4%
Nike Inc. Class B /zigman2/quotes/203439053/composite NKE -4.4% -1.0% 10.5% 18.5% -9.0%
Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -4.5% -1.9% 21.1% 13.1% -8.8%
Home Depot Inc. /zigman2/quotes/208081807/composite HD -4.1% -1.5% 11.9% -9.3% -10.8%
Goldman Sachs Group Inc. /zigman2/quotes/209237603/composite GS -3.9% -0.8% 19.4% -34.4% -18.9%
JPMorgan Chase & Co. /zigman2/quotes/205971034/composite JPM -4.0% -1.0% 14.2% -8.7% -6.5%
Microsoft Corp. /zigman2/quotes/207732364/composite MSFT -3.6% -1.0% 22.3% 18.7% -5.5%
Coca-Cola Co. /zigman2/quotes/209159848/composite KO -3.2% -1.5% -0.4% 3.2% -7.3%
Merck & Co. Inc. /zigman2/quotes/209956077/composite MRK -3.1% -0.9% 1.4% 35.8% -7.6%
Walmart Inc. /zigman2/quotes/207374728/composite WMT -2.9% -1.2% 6.4% -5.7% -6.7%
American Express Co. /zigman2/quotes/203805826/composite AXP -2.9% -1.4% 21.6% -4.0% -3.2%
Johnson & Johnson /zigman2/quotes/201724570/composite JNJ -2.9% -1.4% 6.9% -7.6% -7.4%
Visa Inc. Class A /zigman2/quotes/203660239/composite V -2.5% -1.7% 19.7% 15.7% -4.7%
Verizon Communications Inc. /zigman2/quotes/204980236/composite VZ -2.2% -0.7% -0.4% 6.2% -9.1%
Travelers Companies Inc. /zigman2/quotes/206313935/composite TRV -2.0% -0.8% 17.3% -11.7% -2.6%
Procter & Gamble Co. /zigman2/quotes/202894679/composite PG -2.0% -1.0% 13.1% 0.0% -3.0%
Walgreens Boots Alliance Inc. /zigman2/quotes/203410933/composite WBA -1.8% -0.8% -22.3% -5.9% -38.5%
Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM -1.7% -0.9% 11.7% -18.5% -12.8%
Pfizer Inc. /zigman2/quotes/202877789/composite PFE -1.7% -0.7% -6.8% 20.5% -12.5%
Walt Disney Co. /zigman2/quotes/203410047/composite DIS -0.2% -0.7% 22.2% 2.0% -5.9%
McDonald's Corp. /zigman2/quotes/203508018/composite MCD -0.3% -0.5% 10.9% 3.2% -1.5%
UnitedHealth Group Inc. /zigman2/quotes/210453738/composite UNH 2.3% -0.8% -4.8% 13.0% -17.6%
Chevron Corp. /zigman2/quotes/205871374/composite CVX 2.6% 2.4% 10.6% -13.1% -8.2%
Source: FactSet

You can click the tickers for more about each company — some of the declines sprang from earnings results and other news, not necessarily trade tensions.

Among the S&P 500, 90% of the stocks were down for the week. Here are the 10 worst performers:

Company Ticker Price change since May 3 Price change - May 9, 2019 Price change - 2019 Price change - 2018 Decline from 52-week high
Mylan NV /zigman2/quotes/209413137/composite MYL -18.5% 4.3% -16.7% -35.2% -46.3%
Affiliated Managers Group Inc. /zigman2/quotes/209583132/composite AMG -15.9% -0.9% -4.4% -52.5% -45.2%
TripAdvisor Inc. /zigman2/quotes/206118480/composite TRIP -13.5% -2.1% -11.7% 56.5% -31.0%
Microchip Technology Inc. /zigman2/quotes/208326291/composite MCHP -13.3% -4.6% 21.5% -18.2% -16.2%
KLA-Tencor Corp. /zigman2/quotes/209248041/composite KLAC -12.4% -1.7% 25.8% -14.8% -12.8%
Marathon Petroleum Corp. /zigman2/quotes/209634297/composite MPC -12.2% -4.7% -10.8% -10.6% -40.5%
IPG Photonics Corp. /zigman2/quotes/203325788/composite IPGP -12.0% -4.9% 33.1% -47.1% -42.4%
DowDuPont Inc. -11.4% -2.4% -14.0% -49.5% -36.1%
Western Digital Corp. /zigman2/quotes/204213617/composite WDC -11.2% -3.4% 22.0% -53.5% -49.1%
Micron Technology Inc. /zigman2/quotes/205710729/composite MU -10.7% -2.6% 22.0% -22.8% -40.1%
Source: FactSet

Here are the 10 stocks among the Nasdaq-100 that were down the most for the week:

Company Ticker Price change since May 3 Price change - May 9, 2019 Price change - 2019 Price change - 2018 Decline from 52-week high
Mylan NV /zigman2/quotes/209413137/composite MYL -18.5% 4.3% -18.5% -33.8% -46.3%
Microchip Technology Inc. /zigman2/quotes/208326291/composite MCHP -13.3% -4.6% -13.3% 14.6% -16.2%
KLA-Tencor Corp. /zigman2/quotes/209248041/composite KLAC -12.4% -1.7% -12.4% 22.3% -12.8%
Western Digital Corp. /zigman2/quotes/204213617/composite WDC -11.2% -3.4% -11.2% -36.1% -49.1%
Micron Technology Inc. /zigman2/quotes/205710729/composite MU -10.7% -2.6% -10.7% 5.4% -40.1%
JD.com Inc. ADR Class A /zigman2/quotes/205122565/composite JD -10.5% 0.0% -10.5% -27.5% -40.5%
Intel Corp. /zigman2/quotes/203649727/composite INTC -9.7% -5.1% -9.7% 12.1% -21.6%
Ctrip.com International Ltd. ADR -9.2% -1.3% -9.2% 0.2% -22.8%
Wynn Resorts Ltd. /zigman2/quotes/208845907/composite WYNN -9.1% -1.4% -9.1% -12.6% -33.8%
NetEase Inc. ADR /zigman2/quotes/201683625/composite NTES -9.0% -1.8% -9.0% -17.3% -10.4%
Source: FactSet

Don’t miss: These 15 tech stocks are backed by the quarter’s best sales figures

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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,657.42
-244.56 -0.88%
Volume: 703.89M
Sept. 18, 2020 5:15p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,319.47
-37.54 -1.12%
Volume: 4.09B
Sept. 18, 2020 5:15p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,793.28
-116.99 -1.07%
Volume: 5.26M
Sept. 18, 2020 5:16p
loading...
/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 49.89
-0.43 -0.85%
Volume: 50.12M
Sept. 18, 2020 4:00p
P/E Ratio
9.18
Dividend Yield
2.65%
Market Cap
$212.18 billion
Rev. per Employee
$659,665
loading...
/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 161.14
-6.39 -3.81%
Volume: 22.06M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$90.96 billion
Rev. per Employee
$660,961
loading...
/zigman2/quotes/203434128/composite
US : U.S.: NYSE
$ 152.39
-1.48 -0.96%
Volume: 5.11M
Sept. 18, 2020 4:00p
P/E Ratio
20.43
Dividend Yield
2.70%
Market Cap
$82.52 billion
Rev. per Employee
$526,173
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 106.84
-3.50 -3.17%
Volume: 287.10M
Sept. 18, 2020 4:00p
P/E Ratio
32.48
Dividend Yield
0.77%
Market Cap
$1852.32 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/205029460/composite
US : U.S.: NYSE
$ 169.55
-2.83 -1.64%
Volume: 4.08M
Sept. 18, 2020 4:04p
P/E Ratio
19.22
Dividend Yield
3.47%
Market Cap
$97.66 billion
Rev. per Employee
$350,368
loading...
/zigman2/quotes/203856914/composite
US : U.S.: NYSE
$ 122.76
-2.16 -1.73%
Volume: 5.39M
Sept. 18, 2020 4:00p
P/E Ratio
13.93
Dividend Yield
5.31%
Market Cap
$109.33 billion
Rev. per Employee
$208,845
loading...
/zigman2/quotes/203439053/composite
US : U.S.: NYSE
$ 114.66
-1.70 -1.46%
Volume: 12.88M
Sept. 18, 2020 4:00p
P/E Ratio
72.60
Dividend Yield
0.85%
Market Cap
$178.85 billion
Rev. per Employee
$529,466
loading...
/zigman2/quotes/209509471/composite
US : U.S.: Nasdaq
$ 39.81
-0.56 -1.39%
Volume: 44.45M
Sept. 18, 2020 4:00p
P/E Ratio
15.13
Dividend Yield
3.62%
Market Cap
$168.53 billion
Rev. per Employee
$684,933
loading...
/zigman2/quotes/208081807/composite
US : U.S.: NYSE
$ 275.19
-4.77 -1.70%
Volume: 6.07M
Sept. 18, 2020 4:00p
P/E Ratio
25.20
Dividend Yield
2.18%
Market Cap
$296.23 billion
Rev. per Employee
$261,993
loading...
/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 194.86
+0.03 +0.02%
Volume: 9.07M
Sept. 18, 2020 4:00p
P/E Ratio
14.82
Dividend Yield
2.57%
Market Cap
$67.05 billion
Rev. per Employee
$1.34M
loading...
/zigman2/quotes/205971034/composite
US : U.S.: NYSE
$ 98.35
-0.21 -0.21%
Volume: 20.12M
Sept. 18, 2020 4:00p
P/E Ratio
13.25
Dividend Yield
3.66%
Market Cap
$299.73 billion
Rev. per Employee
$497,647
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 200.39
-2.52 -1.24%
Volume: 55.23M
Sept. 18, 2020 4:00p
P/E Ratio
34.79
Dividend Yield
1.12%
Market Cap
$1516.48 billion
Rev. per Employee
$902,473
loading...
/zigman2/quotes/209159848/composite
US : U.S.: NYSE
$ 50.45
-0.10 -0.20%
Volume: 23.82M
Sept. 18, 2020 4:00p
P/E Ratio
23.73
Dividend Yield
3.25%
Market Cap
$216.70 billion
Rev. per Employee
$506,342
loading...
/zigman2/quotes/209956077/composite
US : U.S.: NYSE
$ 85.81
+0.17 +0.20%
Volume: 11.74M
Sept. 18, 2020 4:03p
P/E Ratio
20.89
Dividend Yield
2.84%
Market Cap
$217.03 billion
Rev. per Employee
$615,159
loading...
/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 135.29
-1.40 -1.02%
Volume: 18.24M
Sept. 18, 2020 4:00p
P/E Ratio
21.56
Dividend Yield
1.60%
Market Cap
$383.38 billion
Rev. per Employee
$223,654
loading...
/zigman2/quotes/203805826/composite
US : U.S.: NYSE
$ 103.44
-1.22 -1.17%
Volume: 6.63M
Sept. 18, 2020 4:03p
P/E Ratio
21.43
Dividend Yield
1.66%
Market Cap
$83.29 billion
Rev. per Employee
$733,559
loading...
/zigman2/quotes/201724570/composite
US : U.S.: NYSE
$ 149.18
+2.01 +1.37%
Volume: 12.17M
Sept. 18, 2020 4:00p
P/E Ratio
26.22
Dividend Yield
2.71%
Market Cap
$392.76 billion
Rev. per Employee
$603,509
loading...
/zigman2/quotes/203660239/composite
US : U.S.: NYSE
$ 202.61
-2.66 -1.30%
Volume: 9.08M
Sept. 18, 2020 4:00p
P/E Ratio
39.55
Dividend Yield
0.59%
Market Cap
$431.13 billion
Rev. per Employee
$1.25M
loading...
/zigman2/quotes/204980236/composite
US : U.S.: NYSE
$ 60.35
-0.24 -0.40%
Volume: 22.58M
Sept. 18, 2020 4:00p
P/E Ratio
13.05
Dividend Yield
4.16%
Market Cap
$249.73 billion
Rev. per Employee
$905,626
loading...
/zigman2/quotes/206313935/composite
US : U.S.: NYSE
$ 111.61
-0.99 -0.88%
Volume: 2.29M
Sept. 18, 2020 4:00p
P/E Ratio
15.93
Dividend Yield
3.05%
Market Cap
$28.26 billion
Rev. per Employee
$996,151
loading...
/zigman2/quotes/202894679/composite
US : U.S.: NYSE
$ 137.37
-0.15 -0.11%
Volume: 10.19M
Sept. 18, 2020 4:03p
P/E Ratio
27.69
Dividend Yield
2.30%
Market Cap
$342.00 billion
Rev. per Employee
$727,304
loading...
/zigman2/quotes/203410933/composite
US : U.S.: Nasdaq
$ 36.93
-0.28 -0.75%
Volume: 12.82M
Sept. 18, 2020 4:00p
P/E Ratio
45.29
Dividend Yield
5.06%
Market Cap
$32.00 billion
Rev. per Employee
$380,198
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 37.19
-0.61 -1.61%
Volume: 46.85M
Sept. 18, 2020 4:03p
P/E Ratio
22.15
Dividend Yield
9.36%
Market Cap
$157.25 billion
Rev. per Employee
$3.93M
loading...
/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 36.63
-0.19 -0.52%
Volume: 30.07M
Sept. 18, 2020 4:05p
P/E Ratio
14.57
Dividend Yield
4.15%
Market Cap
$203.55 billion
Rev. per Employee
$580,595
loading...
/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 128.63
-1.59 -1.22%
Volume: 9.92M
Sept. 18, 2020 4:03p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$232.44 billion
Rev. per Employee
$295,532
loading...
/zigman2/quotes/203508018/composite
US : U.S.: NYSE
$ 220.27
-2.31 -1.04%
Volume: 3.86M
Sept. 18, 2020 4:00p
P/E Ratio
34.93
Dividend Yield
2.27%
Market Cap
$163.90 billion
Rev. per Employee
$100,120
loading...
/zigman2/quotes/210453738/composite
US : U.S.: NYSE
$ 308.02
+3.04 +1.00%
Volume: 3.80M
Sept. 18, 2020 4:00p
P/E Ratio
17.32
Dividend Yield
1.62%
Market Cap
$292.72 billion
Rev. per Employee
$754,157
loading...
/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 78.21
-0.58 -0.74%
Volume: 14.52M
Sept. 18, 2020 4:04p
P/E Ratio
N/A
Dividend Yield
6.60%
Market Cap
$146.04 billion
Rev. per Employee
$3.27M
loading...
/zigman2/quotes/209413137/composite
US : U.S.: Nasdaq
$ 15.73
-0.43 -2.66%
Volume: 6.49M
Sept. 18, 2020 4:00p
P/E Ratio
30.03
Dividend Yield
N/A
Market Cap
$8.13 billion
Rev. per Employee
$326,506
loading...
/zigman2/quotes/209583132/composite
US : U.S.: NYSE
$ 67.74
-0.95 -1.38%
Volume: 710,686
Sept. 18, 2020 4:00p
P/E Ratio
27.17
Dividend Yield
0.06%
Market Cap
$3.15 billion
Rev. per Employee
$540,629
loading...
/zigman2/quotes/206118480/composite
US : U.S.: Nasdaq
$ 20.75
-0.35 -1.66%
Volume: 4.03M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$2.79 billion
Rev. per Employee
$479,798
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/zigman2/quotes/208326291/composite
US : U.S.: Nasdaq
$ 101.40
-2.12 -2.05%
Volume: 4.70M
Sept. 18, 2020 4:00p
P/E Ratio
40.58
Dividend Yield
1.45%
Market Cap
$25.60 billion
Rev. per Employee
$352,817
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/zigman2/quotes/209248041/composite
US : U.S.: Nasdaq
$ 178.96
-1.53 -0.85%
Volume: 1.79M
Sept. 18, 2020 4:00p
P/E Ratio
23.26
Dividend Yield
2.01%
Market Cap
$27.82 billion
Rev. per Employee
$656,821
loading...
/zigman2/quotes/209634297/composite
US : U.S.: NYSE
$ 32.28
+0.16 +0.50%
Volume: 12.11M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
7.19%
Market Cap
$21.00 billion
Rev. per Employee
$1.59M
loading...
/zigman2/quotes/203325788/composite
US : U.S.: Nasdaq
$ 167.22
-1.58 -0.94%
Volume: 356,268
Sept. 18, 2020 4:00p
P/E Ratio
70.38
Dividend Yield
N/A
Market Cap
$8.91 billion
Rev. per Employee
$234,706
loading...
/zigman2/quotes/204213617/composite
US : U.S.: Nasdaq
$ 37.21
-1.07 -2.80%
Volume: 6.72M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$11.26 billion
Rev. per Employee
$270,824
loading...
/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 50.74
-0.24 -0.47%
Volume: 25.55M
Sept. 18, 2020 4:00p
P/E Ratio
25.47
Dividend Yield
N/A
Market Cap
$56.37 billion
Rev. per Employee
$832,917
loading...
/zigman2/quotes/209413137/composite
US : U.S.: Nasdaq
$ 15.73
-0.43 -2.66%
Volume: 6.49M
Sept. 18, 2020 4:00p
P/E Ratio
30.03
Dividend Yield
N/A
Market Cap
$8.13 billion
Rev. per Employee
$326,506
loading...
/zigman2/quotes/208326291/composite
US : U.S.: Nasdaq
$ 101.40
-2.12 -2.05%
Volume: 4.70M
Sept. 18, 2020 4:00p
P/E Ratio
40.58
Dividend Yield
1.45%
Market Cap
$25.60 billion
Rev. per Employee
$352,817
loading...
/zigman2/quotes/209248041/composite
US : U.S.: Nasdaq
$ 178.96
-1.53 -0.85%
Volume: 1.79M
Sept. 18, 2020 4:00p
P/E Ratio
23.26
Dividend Yield
2.01%
Market Cap
$27.82 billion
Rev. per Employee
$656,821
loading...
/zigman2/quotes/204213617/composite
US : U.S.: Nasdaq
$ 37.21
-1.07 -2.80%
Volume: 6.72M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$11.26 billion
Rev. per Employee
$270,824
loading...
/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 50.74
-0.24 -0.47%
Volume: 25.55M
Sept. 18, 2020 4:00p
P/E Ratio
25.47
Dividend Yield
N/A
Market Cap
$56.37 billion
Rev. per Employee
$832,917
loading...
/zigman2/quotes/205122565/composite
US : U.S.: Nasdaq
$ 74.50
+0.13 +0.17%
Volume: 9.58M
Sept. 18, 2020 4:00p
P/E Ratio
37.87
Dividend Yield
N/A
Market Cap
$116.05 billion
Rev. per Employee
$442,391
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/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 49.89
-0.43 -0.85%
Volume: 50.12M
Sept. 18, 2020 4:00p
P/E Ratio
9.18
Dividend Yield
2.65%
Market Cap
$212.18 billion
Rev. per Employee
$659,665
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/zigman2/quotes/208845907/composite
US : U.S.: Nasdaq
$ 77.70
-1.60 -2.02%
Volume: 3.71M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$8.38 billion
Rev. per Employee
$258,372
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/zigman2/quotes/201683625/composite
US : U.S.: Nasdaq
$ 466.07
-3.94 -0.84%
Volume: 902,895
Sept. 18, 2020 4:00p
P/E Ratio
18.96
Dividend Yield
1.67%
Market Cap
$65.85 billion
Rev. per Employee
$559,825
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Philip van Doorn covers various investment and industry topics. He has previously worked as a senior analyst at TheStreet.com. He also has experience in community banking and as a credit analyst at the Federal Home Loan Bank of New York.

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