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    These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout

    A decline in gasoline prices couldn’t mask the problem that spooked investors on Sept. 13: Core consumer prices resumed their rapid increase during August.

    Fear of the Federal Reserve’s ongoing tightening of monetary policy to fight inflation sent the Dow Jones Industrial Average
    DJIA,
    -3.94%

    down 1,276 points (or 3.9%) to 31,104, with all 30 components showing declines as selling activity increased late in the trading session. It was the largest drop since June 2020.

    The benchmark S&P 500
    SPX,
    -4.32%

    fell 4.3%, with all but six component stocks down for the day. The Nasdaq Composite Index
    COMP,
    -5.16%

    fared even worse with a 5.2% decline, reflecting selling of tech-oriented stocks.

    Altogether, it was the worst one-day decline for the three indexes since June 11, 2020.

    The Nasdaq-100 index
    NDX,
    -5.54%

    fell 5.5% with every single component stock ending in the red.

    Read: U.S. inflation roars back in August, CPI shows, despite falling gas prices

    Nvidia Corp.
    NVDA,
    -9.47%

    and Meta Platforms Inc.
    META,
    -9.37%

    led the plunge for the largest tech-oriented companies in the S&P 500, each sliding 9.4%, followed by Advanced Micro Devices Inc.
    AMD,
    -8.99%
    ,
    which dropped 8.8%.

    The five largest companies in the S&P 500 by market capitalization shed $477 billion in value, as you can see here:

    Company

    Ticker

    Market cap – close on Sept. 13 ($mil)

    Change  in market cap – Sept. 13 ($mil)

    Change in market cap – 2022 ($mil)

    Price change – Sept. 13

    Price change – 2022

    Apple Inc.

    AAPL,
    -5.87%
    $2,472,164

    -$154,279

    -$441,120

    -5.9%

    -13.4%

    Microsoft Corp.

    MSFT,
    -5.50%
    $1,881,179

    -$107,468

    -$643,905

    -5.4%

    -25.0%

    Amazon.com Inc.

    AMZN,
    -7.06%
    $1,291,171

    -$98,921

    -$399,832

    -7.1%

    -24.0%

    Alphabet Inc. Class A

    GOOGL,
    -5.90%
    $1,268,670

    -$79,277

    -$647,237

    -5.9%

    -28.0%

    Tesla Inc.

    TSLA,
    -4.04%
    $916,603

    -$37,288

    -$144,684

    -3.9%

    -17.0%

    Totals

    $7,829,786

    -$477,234

    -$2,276,778

    Source: FactSet

    Worst decliners in the S&P 500

    Among the six stocks in the S&P 500 that didn’t decline on Sept. 13, the standout performer was Twitter Inc.
    TWTR,
    +0.80%
    ,
    which rose 0.8% after the company’s shareholders approved Tesla CEO Elon Musk’s disputed takeover offer. Twitter’s stock is now down 39% from its 52-week intraday high on Oct. 20, 2021.

    Here are the 20 worst performers in the large-cap benchmark index for the day:

    Company

    Ticker

    Price change – Sept. 13

    Price change – 2022

    Decline from 52-week intraday high

    Date of 52-week intraday high

    Eastman Chemical Co.

    EMN,
    -11.34%
    -11.1%

    -30.2%

    -34.8%

    01/19/2022

    Nvidia Corp.

    NVDA,
    -9.47%
    -9.4%

    -55.3%

    -62.1%

    11/22/2021

    Meta Platforms Inc. Class A

    META,
    -9.37%
    -9.4%

    -54.5%

    -60.1%

    09/10/2021

    Lumen Technologies Inc.

    LUMN,
    -9.14%
    -9.1%

    -27.1%

    -36.8%

    11/05/2021

    Western Digital Corp.

    WDC,
    -9.13%
    -9.1%

    -39.7%

    -43.3%

    01/05/2022

    Advanced Micro Devices Inc.

    AMD,
    -8.99%
    -8.8%

    -46.4%

    -53.1%

    11/30/2021

    Caesars Entertainment Inc.

    CZR,
    -8.62%
    -8.7%

    -51.3%

    -62.0%

    10/01/2021

    Whirlpool Corp.

    WHR,
    -8.35%
    -8.5%

    -37.6%

    -40.4%

    01/05/2022

    Generac Holdings Inc.

    GNRC,
    -8.40%
    -8.2%

    -39.3%

    -59.3%

    11/02/2021

    NXP Semiconductors NV

    NXPI,
    -8.05%
    -8.2%

    -31.8%

    -35.3%

    12/07/2021

    Capital One Financial Corp.

    COF,
    -7.97%
    -8.0%

    -30.4%

    -42.2%

    10/21/2021

    Synchrony Financial

    SYF,
    -7.87%
    -7.9%

    -31.9%

    -39.8%

    10/19/2021

    Lennar Corp. Class A

    LEN,
    -7.91%
    -7.9%

    -36.1%

    -36.8%

    12/13/2021

    Align Technology Inc.

    ALGN,
    -7.74%
    -7.8%

    -62.4%

    -66.5%

    09/23/2021

    Netflix Inc.

    NFLX,
    -7.78%
    -7.8%

    -63.8%

    -68.9%

    11/17/2021

    Qorvo Inc.

    QRVO,
    -7.70%
    -7.8%

    -44.9%

    -53.1%

    09/14/2021

    Franklin Resources Inc.

    BEN,
    -7.89%
    -7.6%

    -26.2%

    -35.4%

    11/02/2021

    Micron Technology Inc.

    MU,
    -7.46%
    -7.4%

    -42.4%

    -45.5%

    01/05/2022

    BlackRock Inc.

    BLK,
    -7.45%
    -7.3%

    -29.5%

    -33.7%

    11/12/2021

    Paramount Global Class B

    PARA,
    -7.13%
    -7.3%

    -25.5%

    -45.4%

    09/28/2021

    Source: FactSet

    Click on the tickers for more about each company. Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on MarketWatch quote pages.

    Don’t miss: 12 semiconductor stocks bucking the downcycle trend

    And for income: Preferred stocks can offer hidden opportunities for dividend investors. Just look at this JPMorgan Chase example.

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

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