Skip to Content
MarketWatch

These stocks have been crushed since the coronavirus began to take down the U.S. market

By Philip van Doorn, MarketWatch

The energy and travel industries have been hit the hardest

(Updated story with prices as of the close Thursday, Feb. 27.)

The benchmark S&P 500 Index of U.S. stocks fell for a sixth straight day since hitting a closing high Feb. 19, as losses accelerated. The S&P 500 plunged 4.4% Thursday, bringing the six-day drop to 12%.

Thursday was the worst day of the downturn, with the Dow Jones Industrial Average tumbling 1,191 points (or 4.4%) to close at 25,766.64. The Nasdaq Composite Index was worst of all, with a 4.6% decline. A "correction" is typically considered to be a decrease of at least 10%. A bear market is a drop of 20% or more.

All 11 sectors of the S&P 500 posted declines from Feb. 19 through Feb. 27. Here's a summary of the sectors and three broad indexes. All figures are through the close of trading Thursday:

S&P 500 sector  Price change since Feb. 19  Price change - 2020  Price change - 2019 
Energy                                            -17.6%               -25.7%                 7.6% 
Information Technology                            -14.7%                -4.6%                48.0% 
Financials                                        -12.2%               -11.5%                29.2% 
Consumer Discretionary                            -12.0%                -6.4%                26.2% 
Materials                                         -11.9%               -13.3%                21.9% 
Industrials                                       -11.7%                -9.0%                26.8% 
Communication Services                            -11.5%                -5.9%                30.9% 
Health Care                                        -9.9%                -8.2%                18.7% 
Real Estate                                        -8.7%                -2.8%                24.9% 
Utilities                                          -8.6%                -1.1%                22.2% 
Consumer Staples                                   -8.2%                -6.0%                24.0% 
 
Dow Jones Industrial Average                      -12.2%                -9.7%                22.3% 
S&P 500                                           -12.0%                -7.8%                28.9% 
Nasdaq Composite Index                            -12.7%                -4.5%                35.2% 
 

Having the energy sector top the list is no surprise. With an oversupply of oil, any indication of an international slowdown will push oil prices lower. West Texas intermediate crude oil for April delivery fell 13% to $46.73 on Feb. 27 from $53.49 on Feb. 19.

Here's a rather alarming set of numbers for two industries within the S&P 500 consumer discretionary sector:

Industry                          Price change - Feb. 19 through Feb. 27  Price change - 2020  Price change - 2019 
Hotels, Resorts and Cruise Lines                                  -22.2%               -27.5%                34.7% 
Airlines                                                          -19.1%               -19.8%                10.2% 
                                                                                                   Source: FactSet 

President Trump's press conference (link) about the federal government's efforts to prepare for a possible outbreak of the virus in the U.S. didn't calm U.S. markets. The market rebounded from early losses Thursday but took a turn for the worse until the close at 4 p.m.

Read:Investors fear a 'supply shock' that central bankers can't fix (link)

Here are the 30 stocks among the S&P 500 that declined the most for six trading sessions through Feb. 27:

Company                              Ticker  Industry                     Price decline since Feb. 19  Price change - 2020  Decline from 52-week high  Price change - 2019 
Norwegian Cruise Line Holdings Ltd.  US:NCLH  Hotels/Resorts/Cruiselines                        -33.2%               -40.5%                     -41.9%                37.8% 
ViacomCBS Inc. Class B               US:VIAC  Broadcasting                                      -33.0%               -43.1%                     -55.5%                -4.0% 
Devon Energy Corp.                   US:DVN  Oil & Gas Production                              -31.0%               -39.7%                     -55.7%                15.2% 
Royal Caribbean Cruises Ltd.         US:RCL  Hotels/Resorts/Cruiselines                        -30.6%               -42.3%                     -43.1%                36.5% 
American Airlines Group Inc.         US:AAL  Airlines                                          -27.3%               -28.2%                     -43.9%               -10.7% 
Carnival Corp.                       US:CCL  Hotels/Resorts/Cruiselines                        -26.5%               -37.3%                     -45.9%                 3.1% 
Advanced Micro Devices Inc.          US:AMD  Semiconductors                                    -25.3%                -4.0%                     -25.7%               148.4% 
Occidental Petroleum Corp.           US:OXY  Oil & Gas Production                              -25.2%               -22.8%                     -53.8%               -32.9% 
Diamondback Energy Inc.              US:FANG  Oil & Gas Production                              -25.0%               -35.9%                     -47.9%                 0.2% 
Cimarex Energy Co.                   US:XEC  Oil & Gas Production                              -24.6%               -41.6%                     -59.4%               -14.9% 
HollyFrontier Corp.                  US:HFC  Oil Refining/Marketing                            -24.4%               -36.2%                     -45.0%                -0.8% 
Marathon Oil Corp.                   US:MRO  Oil & Gas Production                              -24.3%               -41.6%                     -58.1%                -5.3% 
Live Nation Entertainment Inc.       US:LYV  Movies/Entertainment                              -24.1%               -19.2%                     -24.6%                45.1% 
Newell Brands Inc                    US:NWL  Industrial Conglomerates                          -23.4%               -20.7%                     -27.4%                 3.4% 
FLIR Systems Inc.                    US:FLIR  Aerospace & Defense                               -23.1%               -14.7%                     -25.3%                19.6% 
EOG Resources Inc.                   US:EOG  Oil & Gas Production                              -22.4%               -28.4%                     -44.4%                -4.0% 
Halliburton Co.                      US:HAL  Oilfield Services/Equipment                       -21.9%               -28.9%                     -46.2%                -7.9% 
Centene Corp.                        US:CNC  Managed Health Care                               -21.9%               -16.3%                     -23.3%                 9.1% 
Concho Resources Inc.                US:CXO  Oil & Gas Production                              -21.8%               -26.4%                     -48.2%               -14.8% 
Schlumberger NV                      US:SLB  Oilfield Services/Equipment                       -21.7%               -33.2%                     -45.1%                11.4% 
Lincoln National Corp.               US:LNC    Life/Health Insurance                             -21.6%               -19.1%                     -29.3%                15.0% 
SVB Financial Group                  US:SIVB  Regional Banks                                    -20.8%               -15.8%                     -22.0%                32.2% 
Macy's Inc                           US:M  Department Stores                                 -20.8%               -24.1%                     -51.0%               -42.9% 
Western Digital Corp.                US:WDC  Computer Peripherals                              -20.7%               -13.1%                     -23.4%                71.7% 
MGM Resorts International            US:MGM  Casinos/Gaming                                    -20.5%               -23.3%                     -26.3%                37.1% 
Valero Energy Corp.                  US:VLO  Oil Refining/Marketing                            -20.5%               -29.3%                     -35.1%                24.9% 
ConocoPhillips                       US:COP  Oil & Gas Production                              -20.5%               -27.5%                     -33.0%                 4.3% 
Noble Energy Inc.                    US:NBL  Oil & Gas Production                              -20.1%               -39.1%                     -46.7%                32.4% 
Baker Hughes Co. Class A             US:BKR    Oilfield Services/Equipment                       -19.9%               -35.0%                     -41.8%                19.2% 
Nvidia Corp.                         US:NVDA  Semiconductors                                    -19.7%                 7.4%                     -20.1%                76.3% 
                                                                                                                                                            Source: FactSet 

You can click on the tickers for more about each company.

To be sure, not all the price declines reflect coronavirus fears. Shares of ViacomCBS (VIAC) fell 18% on Feb. 20, after the newly combined company's earnings forecast for 2020 disappointed investors (link).

Don't miss: Your 'defensive' stocks might not be defensive at all. Here is another path to safety (link)

Create an email alert for Philip van Doorn's Deep Dive columns here (link).

(MORE TO FOLLOW) Dow Jones Newswires

02-28-20 0724ET

Copyright (c) 2020 Dow Jones & Company, Inc.