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The Federal Reserve’s signaled policy change is having a predictable effect — pushing stock prices lower as bond yields become more attractive.
This reverses some very strong action for U.S. stocks — at least for a day. Below is a list of 10 stocks that had increased at least 50% for 2021 through Sept. 27, but were down the most in midday trading on Sept. 28.
The Dow Jones Industrial Average
DJIA,
was down 1.5%, while the S&P 500 Index
SPX,
had fallen 2% and the Nasdaq Composite Index
COMP,
fared worst, with a 2.7% drop.
Read: Dow skids around 400 points lower as rising bond yields spark equity selloff
Combined, there are 523 stocks in the S&P 500 and Nasdaq-100
NDX,
indexes. Among these stocks, 50 had risen at least 50% so far in 2021 excluding dividends, according to data provided by FactSet. Here are the 10 that were down the most in midday trading on Sept. 28:
| Company | Intraday Price – 11:45 ET Sept. 28 | Price change – Sept. 28 | Price change – 2021 through Sept. 27 | Decline from 52-week high | 52-week high | Date of 52-week high |
|
ASML Holding N.V. ADR ASML, |
$774.33 | -7.3% | 71% | -13.6% | $895.93 | 09/14/2021 |
|
Applied Materials Inc. AMAT, |
$133.18 | -6.7% | 65% | -8.8% | $146.00 | 04/05/2021 |
|
Moderna Inc. MRNA, |
$381.60 | -6.7% | 291% | -23.3% | $497.49 | 08/10/2021 |
|
Wells Fargo & Co. WFC, |
$45.27 | -4.8% | 58% | -12.0% | $51.41 | 08/13/2021 |
|
Charles River Laboratories International Inc. CRL, |
$413.75 | -4.3% | 73% | -10.1% | $460.21 | 09/24/2021 |
|
Nvidia Corp. NVDA, |
$207.33 | -4.3% | 66% | -10.0% | $230.43 | 08/30/2021 |
|
West Pharmaceutical Services Inc. WST, |
$423.11 | -4.2% | 56% | -11.0% | $475.35 | 09/09/2021 |
|
APA Corp. APA, |
$22.30 | -4.1% | 64% | -8.2% | $24.30 | 06/07/2021 |
|
Bio-Techne Corp. TECH, |
$490.60 | -4.1% | 61% | -9.8% | $543.85 | 09/23/2021 |
|
Alphabet Inc. Class C GOOG, |
$2,720.74 | -3.9% | 62% | -7.3% | $2,936.41 | 09/01/2021 |
| Source: FactSet | ||||||
Click the tickers for more about each company. Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the quote page.
