Market

These high-flying stocks of 2021 have dropped the most today

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,
-1.64%

was down 1.5%, while the S&P 500 Index
SPX,
-2.08%

had fallen 2% and the Nasdaq Composite Index
COMP,
-2.79%

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,
-2.87%

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,
-6.99%
$774.33

-7.3%

71%

-13.6%

$895.93

09/14/2021

Applied Materials Inc.
AMAT,
-6.98%
$133.18

-6.7%

65%

-8.8%

$146.00

04/05/2021

Moderna Inc.
MRNA,
-5.51%
$381.60

-6.7%

291%

-23.3%

$497.49

08/10/2021

Wells Fargo & Co.
WFC,
-3.89%
$45.27

-4.8%

58%

-12.0%

$51.41

08/13/2021

Charles River Laboratories International Inc.
CRL,
-3.63%
$413.75

-4.3%

73%

-10.1%

$460.21

09/24/2021

Nvidia Corp.
NVDA,
-4.48%
$207.33

-4.3%

66%

-10.0%

$230.43

08/30/2021

West Pharmaceutical Services Inc.
WST,
-3.82%
$423.11

-4.2%

56%

-11.0%

$475.35

09/09/2021

APA Corp.
APA,
-4.21%
$22.30

-4.1%

64%

-8.2%

$24.30

06/07/2021

Bio-Techne Corp.
TECH,
-4.29%
$490.60

-4.1%

61%

-9.8%

$543.85

09/23/2021

Alphabet Inc. Class C
GOOG,
-3.99%
$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.

Don’t miss: Only 47 stocks in the S&P 500 have fallen over the past year — Wall Street predicts they will climb up to 54% in 12 months

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