The S&P 500 sank 5% in a very bad week for stocks. Those 20 lost a full 24%.

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The S&P 500 sank 5% in a very bad week for stocks.  Those 20 lost a full 24%.

US stocks rose on Friday to end the week in the red. The day’s declines of less than 1% for the broad indexes paled in comparison to those on Tuesday, when they sank 4% to 5%.

For the week, the Dow Jones Industrial Average
DJIA,
-0.45%

fell 1,329 points (or 4.1%) to close Friday at 30,822. The benchmark S&P 500
SPX,
-0.72%

retreated 4.8% for the week, while the Nasdaq Composite Index
comp,
-0.90%

gave up 5.5%.

Investors were jittery, reacting to any sign of continued increases in consumer prices or economic strength heading into the Federal Open Market Committee’s Sept. 20-21 meeting. The FOMC will make a policy announcement on Wednesday, September 21, followed by Federal Reserve Chairman Jerome Powell’s press conference.

Check out MarketWatch’s Weekend reads for an overview of what to expect from the Federal Reserve.

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

Among the S&P 500, 95% of stocks ended the week lower. On Friday, the biggest loser was FedEx Corp., whose shares FDX fell 21% for the session after the company issued a profit warningciting weakening business conditions.

FedEx Response:

Week’s weakest among S&P 500

Here’s how the 11 S&P 500 sectors performed for the week, sorted by how much they declined:

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%

User discretion

-4.2%

-23.2%

Utilities

-3.8%

3.4%

Finance

-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 posted the biggest declines for the week:

Company

Ticker

Price change – one week until September 16

Price change – September 16

Price change – 2022

Down from 52-week intraday high

Date of intraday 52-week 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%

05/01/2022

Nucor Corp.

NUE,
-0.16%

-18.4%

-0.2%

2.6%

-37.7%

21/04/2022

WestRock 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%

02.11.2021

International Paper Co.

IP,
-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%

19.01.2022

Packaging Corp. of America

package,
-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%

05/01/2022

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%

11/16/2021

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.

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%

05.11.2021

Price group T. Rowe

TROW,
-1.74%

-11.5%

-1.7%

-44.0%

-50.7%

05.11.2021

Bio-Techne Corp.

TECHNIQUE,
-2.78%

-11.3%

-2.8%

-40.5%

-43.4%

23/09/2021

Source: FactSet

Adobe Inc. suffered the worst one-week drop in its share price in 20 years, as analysts questioned the timing and price of the downsized Figma acquisition deal.

Here is an interesting look at how Meta Platforms Inc.
META,
-2.18%

fell this year, including the company’s own bleak outlook.

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

Hear from Ray Dalio at MarketWatch’s The best new ideas in the money festival on September 21 and 22 in New York. The hedge fund pioneer has strong views on where the economy is headed.

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