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Philip van Doorn

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Sept. 19, 2022, 6:12 a.m. EDT

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.

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By Philip van Doorn

U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against Tuesday’s, when they sank 4% to 5% .

For the week, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.45% was down 1,329 points (or 4.1%), closing Friday at 30,822. The benchmark S&P 500 /zigman2/quotes/210599714/realtime SPX -0.03% pulled back 4.8% for the week, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -0.52% gave up 5.5%.

Investors have been jittery, reacting to any sign of continuing consumer price increases or economic strength heading into the Federal Open Market Committee’s meeting on Sept. 20-21. The FOMC will make a policy announcement on Wednesday, Sept. 21, followed by Federal Reserve Chairman Jerome Powell’s press conference.

See MarketWatch’s Weekend Reads for a preview of what to expect from the Federal Reserve.

Read: The next financial crisis may already be brewing — but not where investors might expect

Among the S&P 500, 95% of stocks ended the week with declines. On Friday, the highest-profile loser was FedEx Corp., whose shares FDX dropped 21% for the session after the company issued a profit warning , citing weakening business conditions.

Reaction to FedEx:

The week’s worst decliners among the S&P 500

Here’s how the 11 sectors of the S&P 500 fared for the week, sorted by how much they declined:

Index Price change – 1 week Price change – 2022
Materials -6.7% -19.8%
Real Estate -6.5% -22.6%
Communication Services -6.4% -34.2%
Industrials -6.4% -16.0%
Information Technology -6.1% -26.3%
Consumer Discretionary -4.2% -23.2%
Utilities -3.8% 3.4%
Financials -3.8% -15.8%
Consumer Staples -3.6% -8.0%
Energy -2.6% 41.1%
Health Care -2.4% -9.9%
S&P 500 -4.8% -18.7%
Source: FactSet

Here are the 20 companies in the S&P 500 whose stocks showed the largest declines for the week:

Company Ticker Price change – one week through Sept. 16 Price change – Sept. 16 Price change – 2022 Decline from 52-week intraday high Date of 52-week intraday high
Adobe Inc. /zigman2/quotes/200389143/composite ADBE -24.1% -3.1% -47.2% -57.2% 11/22/2021
FedEx Corp. /zigman2/quotes/203047719/composite FDX -23.0% -21.4% -37.7% -39.6% 01/05/2022
Nucor Corp. /zigman2/quotes/201889722/composite NUE -18.4% -0.2% 2.6% -37.7% 04/21/2022
WestRock Co. /zigman2/quotes/202346656/composite WRK -16.3% -11.5% -23.0% -37.7% 05/05/2022
Generac Holdings Inc. /zigman2/quotes/208144117/composite GNRC -15.9% -4.1% -43.2% -61.8% 11/02/2021
International Paper Co. /zigman2/quotes/200533549/composite IP -15.6% -11.2% -25.0% -37.7% 10/13/2021
Eastman Chemical Co. /zigman2/quotes/200039202/composite EMN -15.5% -2.7% -34.6% -38.9% 01/19/2022
Packaging Corp. of America /zigman2/quotes/207413697/composite PKG -15.4% -11.0% -13.3% -29.9% 04/21/2022
Western Digital Corp. /zigman2/quotes/204213617/composite WDC -15.0% -1.5% -42.9% -46.3% 01/05/2022
West Pharmaceutical Services Inc. /zigman2/quotes/203129862/composite WST -14.5% -2.1% -42.8% -43.6% 12/27/2021
SVB Financial Group /zigman2/quotes/200548254/composite SIVB -14.3% -4.4% -46.6% -52.5% 11/16/2021
Meta Platforms Inc. Class A /zigman2/quotes/205064656/composite META -13.5% -2.2% -56.5% -61.3% 09/15/2021
Prologis Inc. /zigman2/quotes/200785374/composite PLD -12.3% -2.2% -32.5% -34.9% 04/21/2022
Mohawk Industries Inc. /zigman2/quotes/207248913/composite MHK -12.2% -1.3% -45.2% -49.9% 10/28/2021
Sealed Air Corp. /zigman2/quotes/208564360/composite SEE -12.0% -4.2% -27.9% -31.2% 03/29/2022
Duke Realty Corp. -12.0% -2.1% -17.9% -18.6% 12/31/2021
Bio-Rad Laboratories Inc. Class A /zigman2/quotes/207953537/composite BIO -11.9% -5.1% -40.6% -44.4% 09/15/2021
Lumen Technologies Inc. /zigman2/quotes/200067545/composite LUMN -11.7% -1.8% -29.9% -39.3% 11/05/2021
T. Rowe Price Group /zigman2/quotes/203200152/composite TROW -11.5% -1.7% -44.0% -50.7% 11/05/2021
Bio-Techne Corp. /zigman2/quotes/203973516/composite TECH -11.3% -2.8% -40.5% -43.4% 09/23/2021
Source: FactSet

Adobe Inc. suffered the worst one-week decline in 20 years for its share price, as analysts questioned the timing and the price of its dilutive deal to acquire Figma .

Here’s an interesting look at how far Meta Platforms Inc. /zigman2/quotes/205064656/composite META -0.74% has fallen this year, incorporating the company’s own bleak outlook .

Don’t miss: These 20 stocks have short interest of 19% or more, and AMC and GameStop are not even in the top half

<STRONG>Hear from Ray Dalio at MarketWatch’s <INTERNET LOCATION="INTERNAL" URL="https://moneyfestival.marketwatch.com/?mod=article_inline&amp;mod=article_inline&amp;mod=article_inline&amp;mod=article_inline&amp;mod=article_inline&amp;mod=article_inline&amp;mod=article_inline&amp;mod=article_inline&amp;mod=article_inline">Best New Ideas in Money Festival</INTERNET> on Sept. 21 and 22 in New York. The hedge-fund pioneer has strong views on where the economy is headed.</STRONG>

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,347.03
+152.97 +0.45%
Volume: 0.00
Nov. 25, 2022 2:32p
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US : S&P US
4,026.12
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Volume: 0.00
Nov. 25, 2022 2:32p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,226.36
-58.96 -0.52%
Volume: 2.23B
Nov. 25, 2022 4:30p
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/zigman2/quotes/200389143/composite
US : U.S.: Nasdaq
$ 334.30
-1.48 -0.44%
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Nov. 25, 2022 1:00p
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32.95
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N/A
Market Cap
$156.10 billion
Rev. per Employee
$657,149
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/zigman2/quotes/203047719/composite
US : U.S.: NYSE
$ 176.70
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Nov. 25, 2022 1:10p
P/E Ratio
11.64
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2.60%
Market Cap
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Rev. per Employee
$380,245
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/zigman2/quotes/201889722/composite
US : U.S.: NYSE
$ 149.19
-0.54 -0.36%
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Nov. 25, 2022 3:30p
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4.69
Dividend Yield
1.34%
Market Cap
$38.41 billion
Rev. per Employee
$1.50M
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/zigman2/quotes/202346656/composite
US : U.S.: NYSE
$ 37.51
-0.11 -0.29%
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Dividend Yield
2.93%
Market Cap
$9.57 billion
Rev. per Employee
$420,921
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/zigman2/quotes/208144117/composite
US : U.S.: NYSE
$ 105.25
-1.77 -1.65%
Volume: 864,433
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15.85
Dividend Yield
N/A
Market Cap
$6.78 billion
Rev. per Employee
$480,354
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/zigman2/quotes/200533549/composite
US : U.S.: NYSE
$ 36.72
-0.09 -0.24%
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5.04%
Market Cap
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Rev. per Employee
$681,097
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US : U.S.: NYSE
$ 86.98
+0.10 +0.12%
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3.50%
Market Cap
$10.42 billion
Rev. per Employee
$776,071
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/zigman2/quotes/207413697/composite
US : U.S.: NYSE
$ 132.97
-0.38 -0.28%
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P/E Ratio
12.11
Dividend Yield
3.76%
Market Cap
$12.34 billion
Rev. per Employee
$562,020
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/zigman2/quotes/204213617/composite
US : U.S.: Nasdaq
$ 37.34
+0.34 +0.92%
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Nov. 25, 2022 1:00p
P/E Ratio
12.87
Dividend Yield
0.00%
Market Cap
$11.75 billion
Rev. per Employee
$268,892
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/zigman2/quotes/203129862/composite
US : U.S.: NYSE
$ 226.65
-1.41 -0.62%
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P/E Ratio
27.31
Dividend Yield
0.34%
Market Cap
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Rev. per Employee
$288,793
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/zigman2/quotes/200548254/composite
US : U.S.: Nasdaq
$ 222.60
+0.40 +0.18%
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Nov. 25, 2022 1:00p
P/E Ratio
8.26
Dividend Yield
N/A
Market Cap
$13.13 billion
Rev. per Employee
$1.00M
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 111.41
-0.83 -0.74%
Volume: 12.01M
Nov. 25, 2022 1:00p
P/E Ratio
10.61
Dividend Yield
N/A
Market Cap
$297.62 billion
Rev. per Employee
$1.64M
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/zigman2/quotes/200785374/composite
US : U.S.: NYSE
$ 116.39
+0.86 +0.74%
Volume: 1.34M
Nov. 25, 2022 1:10p
P/E Ratio
21.80
Dividend Yield
2.72%
Market Cap
$109.11 billion
Rev. per Employee
$2.68M
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/zigman2/quotes/207248913/composite
US : U.S.: NYSE
$ 102.91
+0.81 +0.79%
Volume: 110,582
Nov. 25, 2022 3:30p
P/E Ratio
40.09
Dividend Yield
N/A
Market Cap
$6.49 billion
Rev. per Employee
$275,515
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/zigman2/quotes/208564360/composite
US : U.S.: NYSE
$ 52.31
+0.23 +0.44%
Volume: 288,490
Nov. 25, 2022 3:30p
P/E Ratio
13.75
Dividend Yield
1.53%
Market Cap
$7.53 billion
Rev. per Employee
$349,545
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/zigman2/quotes/207953537/composite
US : U.S.: NYSE
$ 404.06
+0.12 +0.03%
Volume: 54,007
Nov. 25, 2022 3:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$12.05 billion
Rev. per Employee
$355,029
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/zigman2/quotes/200067545/composite
US : U.S.: NYSE
$ 5.84
-0.04 -0.68%
Volume: 8.11M
Nov. 25, 2022 1:10p
P/E Ratio
2.92
Dividend Yield
17.12%
Market Cap
$6.08 billion
Rev. per Employee
$514,583
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/zigman2/quotes/203200152/composite
US : U.S.: Nasdaq
$ 125.05
+0.65 +0.52%
Volume: 707,856
Nov. 25, 2022 1:00p
P/E Ratio
14.36
Dividend Yield
3.84%
Market Cap
$27.80 billion
Rev. per Employee
$919,896
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/zigman2/quotes/203973516/composite
US : U.S.: Nasdaq
$ 338.97
+2.65 +0.79%
Volume: 114,194
Nov. 25, 2022 1:00p
P/E Ratio
47.44
Dividend Yield
0.38%
Market Cap
$13.20 billion
Rev. per Employee
$372,512
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 111.41
-0.83 -0.74%
Volume: 12.01M
Nov. 25, 2022 1:00p
P/E Ratio
10.61
Dividend Yield
N/A
Market Cap
$297.62 billion
Rev. per Employee
$1.64M
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