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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 +0.18%  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 -0.05%  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 -0.14%  (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 +0.43%  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 +0.37%  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
$ 865.80
+1.53 +0.18%
Volume: 14.03M
Oct. 20, 2021 4:00p
P/E Ratio
451.15
Dividend Yield
N/A
Market Cap
$855.64 billion
Rev. per Employee
$445,694
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/zigman2/quotes/210598365/realtime
US : Nasdaq
15,121.68
-7.41 -0.05%
Volume: 3.68M
Oct. 20, 2021 5:16p
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/zigman2/quotes/210598364/realtime
US : U.S.: Nasdaq
15,388.71
-22.01 -0.14%
Volume: 485,764
Oct. 20, 2021 5:16p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,609.34
+152.03 +0.43%
Volume: 267.33M
Oct. 20, 2021 5:04p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,536.19
+16.56 +0.37%
Volume: 1.84B
Oct. 20, 2021 5:04p
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 865.80
+1.53 +0.18%
Volume: 14.03M
Oct. 20, 2021 4:00p
P/E Ratio
451.15
Dividend Yield
N/A
Market Cap
$855.64 billion
Rev. per Employee
$445,694
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/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 333.01
-0.60 -0.18%
Volume: 4.98M
Oct. 20, 2021 4:00p
P/E Ratio
41.57
Dividend Yield
N/A
Market Cap
$134.66 billion
Rev. per Employee
$617,996
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/zigman2/quotes/209248041/composite
US : U.S.: Nasdaq
$ 331.03
-1.11 -0.33%
Volume: 702,020
Oct. 20, 2021 4:00p
P/E Ratio
24.73
Dividend Yield
1.27%
Market Cap
$50.48 billion
Rev. per Employee
$612,243
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/zigman2/quotes/208144392/composite
US : U.S.: Nasdaq
$ 116.39
+0.06 +0.05%
Volume: 34.24M
Oct. 20, 2021 4:00p
P/E Ratio
41.56
Dividend Yield
N/A
Market Cap
$141.10 billion
Rev. per Employee
$774,841
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/zigman2/quotes/201157610/composite
US : U.S.: Nasdaq
$ 277.26
-0.01 -0.0036%
Volume: 782,790
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$68.21 billion
Rev. per Employee
$343,937
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 149.26
+0.50 +0.34%
Volume: 58.42M
Oct. 20, 2021 4:00p
P/E Ratio
29.23
Dividend Yield
0.59%
Market Cap
$2459.03 billion
Rev. per Employee
$1.86M
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/zigman2/quotes/203060494/composite
US : U.S.: Nasdaq
$ 167.27
+1.68 +1.01%
Volume: 1.31M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$26.75 billion
Rev. per Employee
$342,982
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/zigman2/quotes/200678442/composite
US : U.S.: Nasdaq
$ 1,604.01
+12.75 +0.80%
Volume: 228,654
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$79.25 billion
Rev. per Employee
$255,594
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/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 221.03
-1.87 -0.84%
Volume: 14.63M
Oct. 20, 2021 4:00p
P/E Ratio
78.90
Dividend Yield
0.07%
Market Cap
$557.25 billion
Rev. per Employee
$878,788
loading...
/zigman2/quotes/206954087/composite
US : U.S.: Nasdaq
$ 139.20
+2.45 +1.79%
Volume: 1.76M
Oct. 20, 2021 4:00p
P/E Ratio
59.95
Dividend Yield
0.49%
Market Cap
$38.92 billion
Rev. per Employee
$514,455
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/zigman2/quotes/206312496/composite
US : U.S.: Nasdaq
$ 56.01
-0.25 -0.44%
Volume: 2.34M
Oct. 20, 2021 4:00p
P/E Ratio
36.30
Dividend Yield
2.00%
Market Cap
$32.36 billion
Rev. per Employee
$277,304
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 307.41
-0.82 -0.27%
Volume: 16.54M
Oct. 20, 2021 4:00p
P/E Ratio
38.16
Dividend Yield
0.81%
Market Cap
$2314.16 billion
Rev. per Employee
$928,663
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/zigman2/quotes/208349984/composite
US : U.S.: Nasdaq
$ 315.50
+4.50 +1.45%
Volume: 562,846
Oct. 20, 2021 4:00p
P/E Ratio
65.79
Dividend Yield
N/A
Market Cap
$47.43 billion
Rev. per Employee
$245,062
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/zigman2/quotes/208077897/composite
US : U.S.: Nasdaq
$ 565.50
-5.33 -0.93%
Volume: 1.69M
Oct. 20, 2021 4:00p
P/E Ratio
21.00
Dividend Yield
1.06%
Market Cap
$80.37 billion
Rev. per Employee
$1.04M
loading...
/zigman2/quotes/200389143/composite
US : U.S.: Nasdaq
$ 632.37
-3.70 -0.58%
Volume: 1.50M
Oct. 20, 2021 4:00p
P/E Ratio
52.26
Dividend Yield
N/A
Market Cap
$302.64 billion
Rev. per Employee
$571,371
loading...
/zigman2/quotes/209393259/composite
US : U.S.: Nasdaq
$ 133.98
-0.62 -0.46%
Volume: 4.62M
Oct. 20, 2021 4:00p
P/E Ratio
23.29
Dividend Yield
0.72%
Market Cap
$121.53 billion
Rev. per Employee
$716,667
loading...
/zigman2/quotes/201417573/composite
US : U.S.: Nasdaq
$ 165.64
+0.89 +0.54%
Volume: 1.38M
Oct. 20, 2021 4:00p
P/E Ratio
19.52
Dividend Yield
1.35%
Market Cap
$27.21 billion
Rev. per Employee
$335,570
loading...
/zigman2/quotes/207095682/composite
US : U.S.: Nasdaq
$ 160.09
+1.26 +0.79%
Volume: 1.24M
Oct. 20, 2021 4:00p
P/E Ratio
66.01
Dividend Yield
N/A
Market Cap
$43.96 billion
Rev. per Employee
$304,874
loading...
/zigman2/quotes/203149337/composite
US : U.S.: Nasdaq
$ 562.71
+10.60 +1.92%
Volume: 878,000
Oct. 20, 2021 4:00p
P/E Ratio
10.10
Dividend Yield
N/A
Market Cap
$59.05 billion
Rev. per Employee
$931,393
loading...
/zigman2/quotes/203625533/composite
US : U.S.: Nasdaq
$ 36.92
+0.11 +0.30%
Volume: 3.49M
Oct. 20, 2021 4:00p
P/E Ratio
20.98
Dividend Yield
4.33%
Market Cap
$45.03 billion
Rev. per Employee
$689,053
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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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