These 20 stocks led September S&P 500 losers, tumbling anywhere from 20% to 30%

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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 SPX 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 DJIA 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 COMP 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. FDX -2.5% -29.6% -42.6% -44.4% 01/05/2022
V.F. Corp. VFC -2.7% -27.8% -59.2% -62.1% 11/16/2021
Lumen Technologies Inc. LUMN -1.4% -26.9% -42.0% -49.8% 11/05/2021
Ford Motor Co. F -2.4% -26.5% -46.1% -56.7% 01/13/2022
Charter Communications Inc. Class A CHTR -3.0% -26.5% -53.5% -59.8% 10/07/2021
Adobe Inc. ADBE -1.1% -26.3% -51.5% -60.7% 11/22/2021
Carnival Corp. CCL -23.3% -25.7% -65.1% -73.5% 10/01/2021
CarMax Inc. KMX 1.3% -25.4% -49.3% -57.7% 11/08/2021
Advanced Micro Devices Inc. AMD -1.2% -25.3% -56.0% -61.5% 11/30/2021
Caesars Entertainment Inc. CZR -0.5% -25.2% -65.5% -73.1% 10/01/2021
Boeing Co. BA -3.4% -24.4% -39.9% -48.2% 11/15/2021
WestRock Co. WRK -1.6% -23.9% -30.4% -43.6% 05/05/2022
International Paper Co. IP -1.2% -23.8% -32.5% -44.0% 10/13/2021
Western Digital Corp. WDC 1.1% -23.0% -50.1% -53.1% 01/05/2022
Newell Brands Inc. NWL -0.6% -22.2% -36.4% -47.5% 02/16/2022
Eastman Chemical Co. EMN 0.3% -21.9% -41.2% -45.1% 01/19/2022
Nike Inc. Class B NKE -12.8% -21.9% -50.1% -53.6% 11/05/2021
Seagate Technology Holdings PLC STX -2.1% -20.5% -52.9% -54.8% 01/05/2022
PVH Corp. PVH -3.6% -20.4% -58.0% -64.3% 11/05/2021
Dish Network Corp. Class A 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. FDX 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. CCL 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. NKE 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. ADBE made the list because of investors’ doubt about its dilutive $20 billion deal to acquire Figma.

The bulk of CarMax’s KMX 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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This article was originally published by Marketwatch.com. Read the original article here.

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