The S&P 500 fell 5% in a very bad week for equities.  These 20 lost a whopping 24%.

The S&P 500 fell 5% in a very bad week for equities. These 20 lost a whopping 24%.

US stocks fluttered Friday to close the week in the red. The less than 1% daily declines for the broad indices pale from Tuesday, when they fell 4% to 5%.

For the week, the Dow Jones Industrial Average DJIA,
-0.45%
fell 1,329 points (or 4.1%), closing at 30,822 on Friday. The benchmark S&P 500 SPX,
-0.72%
retreated 4.8% for the week as the Nasdaq Composite Index COMP,
-0.90%
gave up 5.5%.

Investors were nervous, reacting to signs of continued increases in consumer prices or economic strength ahead of the Federal Open Market Committee meeting on Sept. 20-21. The FOMC will make a policy announcement on Wednesday, Sept. 21, followed by the press conference from Federal Reserve Chairman Jerome Powell.

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

Read: The next financial crisis may already be brewing, but not where investors would expect

95% of the S&P 500’s stocks ended the week in declines. On Friday, FedEx Corp. the biggest loser, whose shares of FDX fell 21% for the session after the company issued a profit warning, citing weakening business conditions.

Response to FedEx:

The Week’s Worst Drops Below the S&P 500

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

Index

Price change – 1 week

Price change – 2022

materials

-6.7%

-19.8%

Property

-6.5%

-22.6%

Communication services

-6.4%

-34.2%

Industrial

-6.4%

-16.0%

Information Technology

-6.1%

-26.3%

Consumer Goods

-4.2%

-23.2%

Utilities

-3.8%

3.4%

Financial

-3.8%

-15.8%

consumer goods

-3.6%

-8.0%

Energy

-2.6%

41.1%

healthcare

-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 saw the biggest declines in the past week:

Company

ticker

Price change – one week until September 16

Price change – September 16

Price change – 2022

Decline from intraday high in 52 weeks

Date of 52 week intraday high

Adobe Inc.

ADBE,
-3.12%

-24.1%

-3.1%

-47.2%

-57.2%

22-11-2021

FedEx Corp.

FDX,
-21.40%

-23.0%

-21.4%

-37.7%

-39.6%

01/05/2022

Nucor Corp.

NO,
-0.16%

-18.4%

-0.2%

2.6%

-37.7%

21-04-2022

west rock co.

WRK,
-11.48%

-16.3%

-11.5%

-23.0%

-37.7%

05/05/2022

Generac Holdings Inc.

GNRC,
-4.07%

-15.9%

-4.1%

-43.2%

-61.8%

11/02/2021

International Paper Co.

I P,
-11.21%

-15.6%

-11.2%

-25.0%

-37.7%

13-10-2021

Eastman Chemical Co.

EMN,
-2.67%

-15.5%

-2.7%

-34.6%

-38.9%

01/19/2022

Packaging Corp. of America

horsepower,
-11.01%

-15.4%

-11.0%

-13.3%

-29.9%

21-04-2022

Western Digital Corp.

WDC,
-1.46%

-15.0%

-1.5%

-42.9%

-46.3%

01/05/2022

West Pharmaceutical Services Inc.

WST,
-2.07%

-14.5%

-2.1%

-42.8%

-43.6%

27-12-2021

SVB Financial Group

SIVB,
-4.38%

-14.3%

-4.4%

-46.6%

-52.5%

16-11-2021

Meta Platforms Inc. Class A

META,
-2.18%

-13.5%

-2.2%

-56.5%

-61.3%

15/09/2021

Prologis Inc.

pld,
-2.19%

-12.3%

-2.2%

-32.5%

-34.9%

21-04-2022

Mohawk Industries Inc.

MHK,
-1.26%

-12.2%

-1.3%

-45.2%

-49.9%

28-10-2021

Sealed Air Corp.

TO SEE,
-4.16%

-12.0%

-4.2%

-27.9%

-31.2%

29-03-2022

Duke Realty Corp.

DRE,
-2.14%

-12.0%

-2.1%

-17.9%

-18.6%

31-12-2021

Bio-Rad Laboratories Inc. Class A

BIO,
-5.12%

-11.9%

-5.1%

-40.6%

-44.4%

15/09/2021

Lumen Technologies Inc.

LUMN,
-1.79%

-11.7%

-1.8%

-29.9%

-39.3%

11/05/2021

T. Rowe Price Group

FIDELITY,
-1.74%

-11.5%

-1.7%

-44.0%

-50.7%

11/05/2021

Bio-Techne Corp.

tech,
-2.78%

-11.3%

-2.8%

-40.5%

-43.4%

23-09-2021

Source: FactSet

Adobe Inc. suffered its worst week-long drop in 20 years for its stock price as analysts questioned the timing and price of its dilutive deal to acquire Figma.

Here’s an interesting look at how far Meta Platforms Inc. META,
-2.18%
has fallen this year, bearing in mind the company’s bleak outlook.

Do not miss: These 20 stocks have short-term interest rates of 19% or more, and AMC and GameStop aren’t even in the top half

Hear Ray Dalio on MarketWatch’s Best New Ideas in Money Festival September 21-22 in New York. The hedge fund pioneer has strong views on where the economy is headed.

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