Deep Dive: Here are the worst stock performers as the Dow drops 800 points

(Updates story with closing prices.)

U.S. stocks suffered a beating Wednesday, with all but three members of the S&P 500 showing declines, after bond investors piled into Treasurys, causing the yield curve to invert.

Bond investors’ desire to lock in longer-term interest streams prompted the yield on 10-year Treasury notes TMUBMUSD10Y, -7.24%  to dip below the yield of two-year U.S. Treasury notes TMUBMUSD02Y, -5.59%  on Wednesday. This was the first time yields on two-year and 10-year notes inverted since 2007.

Weak economic figures out of Europe and slowing industrial output in China added to the negative tone of trading.

Before getting to tables of stock prices, here’s more on the inverted yield curve:

• 5 things investors need to know about an inverted yield curve

• Barron’s: The bond market’s recession warnings are getting louder

• Ex-Fed boss Greenspan says ‘there is no barrier’ to Treasury yields falling below zero

• Bank stocks sink as yield curve inverts, with Bank of America, Citigroup and Regions leading the losers

The Dow Jones Industrial Average DJIA, -3.05%  fell 800 points (3.1%). The S&P 500 SPX, -2.93%  declined 2.9%, while the Nasdaq Composite Index COMP, -3.02%  ended with a 3% decrease.

The Dow 30: all losers

Here’s how all 30 components of the Dow fared on Wednesday:

Company Ticker Price change – Aug. 14, 2019 Price change – 2019 Decline from 52-week high
Dow Inc. DOW, -5.91% -5.9% N/A -27.2%
Walgreens Boots Alliance Inc. WBA, -5.01% -5.0% -26.2% -41.6%
Goldman Sachs Group Inc. GS, -4.19% -4.2% 17.1% -20.2%
J.P. Morgan Chase & Co. JPM, -4.15% -4.2% 7.4% -12.1%
Exxon Mobil Corp. XOM, -4.03% -4.0% -0.8% -22.6%
Cisco Systems Inc. CSCO, -4.00% -4.0% 16.8% -13.1%
Chevron Corp. CVX, -3.80% -3.8% 8.2% -7.7%
Boeing Co. BA, -3.74% -3.7% -0.6% -28.2%
3M Co. MMM, -3.68% -3.7% -16.7% -27.7%
United Technologies Corp. UTX, -3.61% -3.6% 16.7% -13.9%
International Business Machines Corp. IBM, -3.34% -3.3% 15.5% -15.0%
Microsoft Corp. MSFT, -3.01% -3.3% 31.9% -5.4%
Home Depot Inc. HD, -3.24% -3.2% 17.3% -8.1%
Travelers Companies Inc. TRV, -3.20% -3.2% 19.8% -7.5%
Caterpillar Inc. CAT, -3.19% -3.2% -9.3% -27.7%
Merck & Co. Inc. MRK, -3.11% -3.1% 9.1% -4.2%
Walt Disney Co. DIS, -3.04% -3.0% 21.2% -9.7%
Apple Inc. AAPL, -2.98% -3.0% 28.5% -13.2%
American Express Co. AXP, -2.91% -2.9% 28.7% -5.2%
Visa Inc. Class A V, -2.86% -2.9% 31.5% -5.7%
Nike Inc. Class B NKE, -2.75% -2.7% 9.3% -10.0%
Pfizer Inc. PFE, -2.73% -2.7% -21.6% -26.3%
UnitedHealth Group Inc. UNH, -2.42% -2.4% -2.4% -15.5%
Johnson & Johnson JNJ, -2.37% -2.4% 0.9% -12.6%
Intel Corp. INTC, -2.07% -2.1% -2.3% -23.0%
McDonald’s Corp. MCD, -1.48% -1.5% 21.9% -2.5%
Procter & Gamble Co. PG, -1.25% -1.2% 26.0% -4.9%
Verizon Communications Inc. VZ, -1.15% -1.2% -0.9% -9.5%
Walmart Inc. WMT, -1.13% -1.1% 14.0% -8.0%
Coca-Cola Co. KO, -0.95% -1.0% 11.9% -3.3%
Source: FactSet

You can click on the tickers for more about each company.

S&P 500

Here are the 10 worst performers among the S&P 500, with Macy’s the worst performer after a dismal earnings report and guidance revision from the retailer’s management:

Company Ticker Price change – Aug 14, 2019 Price change – 2019 Decline from 52-week high
Macy’s Inc. M, -13.22% -13.2% -43.6% -60.0%
Kohl’s Corp. KSS, -10.97% -11.0% -32.0% -45.8%
Nordstrom Inc. JWN, -10.65% -10.6% -44.2% -61.6%
Cimarex Energy Co. XEC, -9.13% -9.6% -37.8% -62.1%
Viacom Inc. Class B VIAB, -8.52% -8.5% 4.0% -22.4%
Mylan N.V. MYL, -8.52% -8.5% -34.2% -54.4%
Apache Corp. APA, -8.39% -8.4% -23.5% -59.9%
CBS Corp. Class B CBS, -8.32% -8.3% 2.1% -25.0%
National Oilwell Varco Inc. NOV, -8.05% -8.0% -27.1% -60.5%
L Brands Inc. LB, -8.03% -8.0% -18.8% -45.1%
Source: FactSet
Nasdaq

Here are the weakest stocks among the Nasdaq-100 Index NDX, +1.56%  on Wednesday:

Company Ticker Price change – Aug 14, 2019 Price change – 2019 Decline from 52-week high
Mylan N.V. MYL, -8.52% -8.5% -34.2% -54.4%
Tesla Inc. TSLA, -6.54% -6.5% -34.0% -42.1%
Activision Blizzard Inc. ATVI, -5.96% -6.0% -2.8% -46.6%
Ulta Beauty Inc. ULTA, -5.92% -5.9% 31.1% -13.0%
Advanced Micro Devices Inc. AMD, -5.82% -5.8% 63.8% -14.9%
American Airlines Group Inc. AAL, -5.13% -5.1% -18.7% -40.5%
Walgreens Boots Alliance Inc. WBA, -5.01% -5.0% -26.2% -41.6%
NetApp Inc. NTAP, -4.85% -4.9% -25.1% -49.2%
Micron Technology Inc. MU, -4.82% -4.8% 32.5% -21.7%
Facebook Inc. Class A FB, -4.64% -4.6% 37.1% -13.9%
Source: FactSet

Don’t miss: These are the Chinese stocks analysts say you should buy

Create an email alert for Philip van Doorn’s Deep Dive columns here.

Filed in: Top News Tags: 

You might like:

The Conversation: Phase 1 of U.S.-China talks was hard — and the next part will be even harder The Conversation: Phase 1 of U.S.-China talks was hard — and the next part will be even harder
The Ratings Game: Broadcom stock declines as wireless chip stance confuses some analysts The Ratings Game: Broadcom stock declines as wireless chip stance confuses some analysts
Agent Scott Boras will make more money next year than almost every MLB player Agent Scott Boras will make more money next year than almost every MLB player
Bond Report: Treasury yields slide as announcement of U.S. – China trade deal disappoints Bond Report: Treasury yields slide as announcement of U.S. – China trade deal disappoints
Amarin stock heads toward highest prices in more than a decade after new Vascepa FDA approval Amarin stock heads toward highest prices in more than a decade after new Vascepa FDA approval
Personal Finance Daily: When is it NOT cool to re-gift your unwanted swag and the lack of paid family leave is ‘breaking families’ backs’ Personal Finance Daily: When is it NOT cool to re-gift your unwanted swag and the lack of paid family leave is ‘breaking families’ backs’
Trump Today: Trump announces phase-one China trade deal and scraps Dec. 15 tariffs Trump Today: Trump announces phase-one China trade deal and scraps Dec. 15 tariffs
Bond Report: Treasury yields slide after as announcement of U.S. – China trade deal disappoints Bond Report: Treasury yields slide after as announcement of U.S. – China trade deal disappoints
© 2019 Stock Investors News. All rights reserved. XHTML / CSS Valid.