By Philip van Doorn
Stocks declined again on Friday, closing out September with large losses across the board as the rally from the June lows partway through August faded into memory.
The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.39% fell 1.5% on Friday. The benchmark index slumped 9.3% for September, leading to a 2022 loss of 24.8%. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.19% gave up 1.7% on Friday, for a September decline of 8.8%. The Dow has now fallen 20.9% for 2022. The Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -0.58% pulled back 1.5% on Friday for a September drop of 10.5% and a year-to-date plunge of 32.4%. (All price changes in this article exclude dividends.)
Below is a list of stocks in the S&P 500 that fell the most during September.
It was the worst September performance for U.S. stocks since 2008, according to Dow Jones Market Data. William Watts looked back to see what poor performance during September may portend for October .
Real estate leads the sector bloodbath
All sectors of the S&P 500 were down during September, including five that fell by double digits:
| S&P 500 sector | Sept. 30 price change | September price change | 2022 price change |
| Real Estate | 1.0% | -13.6% | -30.4% |
| Communication Services | -1.7% | -12.2% | -39.4% |
| Information Technology | -1.9% | -12.0% | -31.9% |
| Utilities | -2.0% | -11.5% | -8.6% |
| Industrials | -1.3% | -10.6% | -21.7% |
| Energy | -0.9% | -9.7% | 30.7% |
| Materials | -0.3% | -9.6% | -24.9% |
| Consumer Staples | -1.8% | -8.3% | -13.5% |
| Consumer Discretionary | -1.8% | -8.1% | -30.3% |
| Financials | -1.1% | -7.9% | -22.4% |
| Health Care | -1.4% | -2.7% | -14.1% |
| S&P 500 | -1.5% | -9.3% | -24.8% |
| Source: FactSet | |||
Worst performers in the S&P 500 in September
| Company | Ticker | Sept. 30 price change | September price change | 2022 price change | Decline from 52-week intraday high | Date of 52-week intraday high |
| FedEx Corp. | /zigman2/quotes/203047719/composite FDX | -2.5% | -29.6% | -42.6% | -44.4% | 01/05/2022 |
| V.F. Corp. | /zigman2/quotes/206706147/composite VFC | -2.7% | -27.8% | -59.2% | -62.1% | 11/16/2021 |
| Lumen Technologies Inc. | /zigman2/quotes/200067545/composite LUMN | -1.4% | -26.9% | -42.0% | -49.8% | 11/05/2021 |
| Ford Motor Co. | /zigman2/quotes/208911460/composite F | -2.4% | -26.5% | -46.1% | -56.7% | 01/13/2022 |
| Charter Communications Inc. Class A | /zigman2/quotes/201656355/composite CHTR | -3.0% | -26.5% | -53.5% | -59.8% | 10/07/2021 |
| Adobe Inc. | /zigman2/quotes/200389143/composite ADBE | -1.1% | -26.3% | -51.5% | -60.7% | 11/22/2021 |
| Carnival Corp. | /zigman2/quotes/202325446/composite CCL | -23.3% | -25.7% | -65.1% | -73.5% | 10/01/2021 |
| CarMax Inc. | /zigman2/quotes/204412041/composite KMX | 1.3% | -25.4% | -49.3% | -57.7% | 11/08/2021 |
| Advanced Micro Devices Inc. | /zigman2/quotes/208144392/composite AMD | -1.2% | -25.3% | -56.0% | -61.5% | 11/30/2021 |
| Caesars Entertainment Inc. | /zigman2/quotes/205281174/composite CZR | -0.5% | -25.2% | -65.5% | -73.1% | 10/01/2021 |
| Boeing Co. | /zigman2/quotes/208579720/composite BA | -3.4% | -24.4% | -39.9% | -48.2% | 11/15/2021 |
| WestRock Co. | /zigman2/quotes/202346656/composite WRK | -1.6% | -23.9% | -30.4% | -43.6% | 05/05/2022 |
| International Paper Co. | /zigman2/quotes/200533549/composite IP | -1.2% | -23.8% | -32.5% | -44.0% | 10/13/2021 |
| Western Digital Corp. | /zigman2/quotes/204213617/composite WDC | 1.1% | -23.0% | -50.1% | -53.1% | 01/05/2022 |
| Newell Brands Inc. | /zigman2/quotes/209507510/composite NWL | -0.6% | -22.2% | -36.4% | -47.5% | 02/16/2022 |
| Eastman Chemical Co. | /zigman2/quotes/200039202/composite EMN | 0.3% | -21.9% | -41.2% | -45.1% | 01/19/2022 |
| Nike Inc. Class B | /zigman2/quotes/203439053/composite NKE | -12.8% | -21.9% | -50.1% | -53.6% | 11/05/2021 |
| Seagate Technology Holdings PLC | /zigman2/quotes/201824240/composite STX | -2.1% | -20.5% | -52.9% | -54.8% | 01/05/2022 |
| PVH Corp. | /zigman2/quotes/208313660/composite PVH | -3.6% | -20.4% | -58.0% | -64.3% | 11/05/2021 |
| Dish Network Corp. Class A | /zigman2/quotes/207505872/composite DISH | -2.2% | -20.3% | -57.4% | -70.1% | 10/04/2021 |
| Source: FactSet | ||||||
Click on the tickers for more about each company, including developments that led to their share-price declines.
Click here for Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.
FedEx Corp. /zigman2/quotes/203047719/composite FDX +0.42% tops the list because of investors’ harsh reaction to the company’s sales and profit warning on Sept. 16. Claudia Assis and Greg Robb explained the implications of FedEx’s warning for the broad economy .
Shares of Carnival Corp. /zigman2/quotes/202325446/composite CCL +5.94% fell 23% on Friday (for a September decline of 26%) after the cruise giant again reported sales and earnings below what analysts had expected, even though it reported increasing its capacity usage to 92% .
Nike Inc. /zigman2/quotes/203439053/composite NKE +0.61% was down 13% on Friday for a September decline of 22%, after the company warned that discounting to clear inventory would continue to affect its earnings performance. Here’s how analysts reacted .
Adobe Inc. /zigman2/quotes/200389143/composite ADBE -1.08% made the list because of investors’ doubt about its dilutive $20 billion deal to acquire Figma .
The bulk of CarMax’s /zigman2/quotes/204412041/composite KMX +0.95% drop for the month came on Sept. 29, after the used-car dealer missed sales and earnings estimates and indicated that consumers were beginning to resist high prices .
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