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Sept. 8, 2020, 4:43 p.m. EDT

The Nasdaq-100 Index is down 9% this month — Tesla leads this list of big tech stock declines

S&P 500 adds to September losses but still has gains for 2020

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By Philip van Doorn, MarketWatch


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Tuesday kicked off a short trading week with another rout for technology stocks, led by Tesla Inc., which plunged 21.1%.

But that decline — and its 33.7% collapse so far this month — is only a dent in the car maker’s recent performance. Tesla’s /zigman2/quotes/203558040/composite TSLA +3.35%  shares are still up 295% for 2020 and 626% from a year earlier.

More about Tesla:

• Tesla stock tumbles toward second bear market this year

• Panicking about Tesla? These charts will make you feel a lot better

The Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.48%  fell 4.1% on Tuesday, and has now fallen 7.9% during September. But the index is up 20.9% for 2020. The Nasdaq-100 Index /zigman2/quotes/210598364/realtime NDX +0.60%  (the largest 100 Nasdaq companies by market capitalization, excluding financial companies) dropped 4.8% on Tuesday, for a September decline of 7.6%, trimming its year-to-date gain to 26.7%. (All price changes in this article exclude dividends.)

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.58%  declined 2.2% on Tuesday, for a September loss of 3.3% and a 3.6% drop for 2020.

The S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.16%  was down 2.8% Tuesday. It has declined 4.8% in September but is up 3.1% for 2020.

The Nasdaq-100’s biggest losers this month

Here are the 20 stocks among the Nasdaq-100 that have fallen the most in September. Scroll the table to see all the data, including declines from all-time (split-adjusted) intraday highs:

Company Ticker Price change - Aug. 31 through Sept. 8 Price change - Sept. 8 Price change - 2020 Decline from all-time intraday high Date of all-time intraday high
Tesla Inc. /zigman2/quotes/203558040/composite TSLA   -33.7% -21.1% 294.7% -34.3% 09/01/2020
Moderna Inc. /zigman2/quotes/205619834/composite MRNA   -16.3% -13.2% 177.8% -42.9% 07/17/2020
KLA Corp. /zigman2/quotes/209248041/composite KLAC   -15.0% -9.8% -2.1% -20.2% 08/17/2020
Advanced Micro Devices Inc. /zigman2/quotes/208144392/composite AMD   -13.4% -4.0% 71.6% -16.5% 09/02/2020
Workday Inc. Class A /zigman2/quotes/201157610/composite WDAY   -13.0% -3.3% 26.8% -16.1% 08/28/2020
Apple Inc. /zigman2/quotes/202934861/composite AAPL   -12.6% -6.7% 53.7% -18.2% 09/02/2020
Splunk Inc. /zigman2/quotes/203060494/composite SPLK   -12.5% -4.1% 28.1% -15.1% 09/02/2020
MercadoLibre Inc. /zigman2/quotes/200678442/composite MELI   -12.5% -5.6% 78.8% -19.5% 08/10/2020
Nvidia Corp. /zigman2/quotes/200467500/composite NVDA   -10.9% -5.6% 102.5% -19.1% 09/02/2020
Electronic Arts Inc. /zigman2/quotes/206954087/composite EA   -10.9% -4.5% 15.6% -17.8% 07/13/2018
Fastenal Co. /zigman2/quotes/206312496/composite FAST   -10.5% -5.5% 18.3% -12.3% 09/02/2020
Microsoft Corp. /zigman2/quotes/207732364/composite MSFT   -10.1% -5.4% 28.5% -13.0% 09/02/2020
Synopsys Inc. /zigman2/quotes/208349984/composite SNPS   -10.1% -4.8% 43.0% -13.5% 09/02/2020
Lam Research Corp. /zigman2/quotes/208077897/composite LRCX   -10.0% -9.1% 3.5% -21.9% 08/03/2020
Adobe Inc. /zigman2/quotes/200389143/composite ADBE   -10.0% -6.1% 40.1% -13.9% 09/02/2020
Applied Materials Inc. /zigman2/quotes/209393259/composite AMAT   -9.7% -8.7% -8.9% -20.4% 08/14/2020
Skyworks Solutions Inc. /zigman2/quotes/201417573/composite SWKS   -9.7% -5.9% 8.2% -15.2% 09/02/2020
Cadence Design Systems Inc. /zigman2/quotes/207095682/composite CDNS   -9.4% -5.1% 44.8% -14.6% 09/02/2020
Regeneron Pharmaceuticals Inc. /zigman2/quotes/203149337/composite REGN   -9.4% -3.2% 49.6% -15.5% 07/20/2020
Kraft Heinz Co. /zigman2/quotes/203625533/composite KHC   -9.4% -5.1% -1.2% -67.5% 02/17/2017
Source: FactSet
/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 574.00
+18.62 +3.35%
Volume: 48.93M
Nov. 25, 2020 4:00p
P/E Ratio
1,147
Dividend Yield
N/A
Market Cap
$544.10 billion
Rev. per Employee
$511,871
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
12,094.40
+57.62 +0.48%
Volume: 4.16M
Nov. 25, 2020 5:16p
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/zigman2/quotes/210598364/realtime
US : U.S.: Nasdaq
12,152.22
+72.41 +0.60%
Volume: 558,050
Nov. 25, 2020 5:16p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
29,872.47
-173.77 -0.58%
Volume: 324.19M
Nov. 25, 2020 5:33p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,629.65
-5.76 -0.16%
Volume: 2.32B
Nov. 25, 2020 5:33p
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 574.00
+18.62 +3.35%
Volume: 48.93M
Nov. 25, 2020 4:00p
P/E Ratio
1,147
Dividend Yield
N/A
Market Cap
$544.10 billion
Rev. per Employee
$511,871
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/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 109.18
+10.62 +10.78%
Volume: 25.85M
Nov. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$43.20 billion
Rev. per Employee
$72,541
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/zigman2/quotes/209248041/composite
US : U.S.: Nasdaq
$ 248.95
-1.22 -0.49%
Volume: 547,223
Nov. 25, 2020 4:00p
P/E Ratio
30.29
Dividend Yield
1.45%
Market Cap
$38.61 billion
Rev. per Employee
$547,390
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/zigman2/quotes/208144392/composite
US : U.S.: Nasdaq
$ 86.71
+1.64 +1.93%
Volume: 41.35M
Nov. 25, 2020 4:00p
P/E Ratio
119.70
Dividend Yield
N/A
Market Cap
$104.29 billion
Rev. per Employee
$590,439
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/zigman2/quotes/201157610/composite
US : U.S.: Nasdaq
$ 214.88
+1.74 +0.82%
Volume: 2.61M
Nov. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$51.57 billion
Rev. per Employee
$296,809
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 116.03
+0.86 +0.75%
Volume: 76.50M
Nov. 25, 2020 4:00p
P/E Ratio
35.52
Dividend Yield
0.71%
Market Cap
$1972.72 billion
Rev. per Employee
$1.86M
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/zigman2/quotes/203060494/composite
US : U.S.: Nasdaq
$ 198.86
+0.37 +0.19%
Volume: 1.43M
Nov. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$31.90 billion
Rev. per Employee
$563,441
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/zigman2/quotes/200678442/composite
US : U.S.: Nasdaq
$ 1,480.36
+41.08 +2.85%
Volume: 489,442
Nov. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$73.69 billion
Rev. per Employee
$236,660
loading...
/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 529.39
+11.08 +2.14%
Volume: 6.50M
Nov. 25, 2020 4:00p
P/E Ratio
86.53
Dividend Yield
0.12%
Market Cap
$327.69 billion
Rev. per Employee
$792,595
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/zigman2/quotes/206954087/composite
US : U.S.: Nasdaq
$ 121.51
+1.26 +1.05%
Volume: 2.85M
Nov. 25, 2020 4:00p
P/E Ratio
27.06
Dividend Yield
0.56%
Market Cap
$35.25 billion
Rev. per Employee
$557,755
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/zigman2/quotes/206312496/composite
US : U.S.: Nasdaq
$ 48.19
-0.75 -1.53%
Volume: 2.17M
Nov. 25, 2020 4:00p
P/E Ratio
32.95
Dividend Yield
2.08%
Market Cap
$27.67 billion
Rev. per Employee
$229,398
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 213.87
+0.01 +0.0047%
Volume: 21.01M
Nov. 25, 2020 4:00p
P/E Ratio
34.50
Dividend Yield
1.05%
Market Cap
$1616.96 billion
Rev. per Employee
$877,393
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 217.02
+1.53 +0.71%
Volume: 701,456
Nov. 25, 2020 4:00p
P/E Ratio
53.62
Dividend Yield
N/A
Market Cap
$32.94 billion
Rev. per Employee
$239,466
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/zigman2/quotes/208077897/composite
US : U.S.: Nasdaq
$ 446.78
+0.34 +0.08%
Volume: 849,217
Nov. 25, 2020 4:00p
P/E Ratio
25.35
Dividend Yield
1.16%
Market Cap
$64.34 billion
Rev. per Employee
$888,552
loading...
/zigman2/quotes/200389143/composite
US : U.S.: Nasdaq
$ 470.08
+7.38 +1.59%
Volume: 2.63M
Nov. 25, 2020 4:00p
P/E Ratio
59.22
Dividend Yield
N/A
Market Cap
$225.51 billion
Rev. per Employee
$491,801
loading...
/zigman2/quotes/209393259/composite
US : U.S.: Nasdaq
$ 81.14
-1.81 -2.18%
Volume: 5.52M
Nov. 25, 2020 4:00p
P/E Ratio
20.69
Dividend Yield
1.08%
Market Cap
$74.10 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201417573/composite
US : U.S.: Nasdaq
$ 135.95
-2.90 -2.09%
Volume: 3.04M
Nov. 25, 2020 4:00p
P/E Ratio
28.37
Dividend Yield
1.47%
Market Cap
$22.58 billion
Rev. per Employee
$335,570
loading...
/zigman2/quotes/207095682/composite
US : U.S.: Nasdaq
$ 113.04
+2.30 +2.08%
Volume: 1.24M
Nov. 25, 2020 4:00p
P/E Ratio
29.35
Dividend Yield
N/A
Market Cap
$31.53 billion
Rev. per Employee
$288,434
loading...
/zigman2/quotes/203149337/composite
US : U.S.: Nasdaq
$ 508.31
+2.21 +0.44%
Volume: 712,031
Nov. 25, 2020 4:00p
P/E Ratio
18.58
Dividend Yield
N/A
Market Cap
$54.24 billion
Rev. per Employee
$970,790
loading...
/zigman2/quotes/203625533/composite
US : U.S.: Nasdaq
$ 32.54
-0.89 -2.66%
Volume: 6.04M
Nov. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
4.92%
Market Cap
$39.78 billion
Rev. per Employee
$675,054
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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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