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Walgreens and Intel lead list of stocks in the S&P 500 that fell hardest in 2024
Updated with closing prices on Dec. 31.
At the end of a second consecutive year during which the S&P 500 has risen more than 20%, two things investors need to remember are that time tends to smooth out performance and that the index is weighted by market capitalization. This means large companies can support the S&P 500’s gain even as dozens of stocks in the index get pummeled.
Following the list of the 20 biggest gainers in the S&P 500 in 2024 , below is a list of the largest decliners in the large-cap U.S. benchmark index.
First, let’s look at how the 11 sectors of the S&P 500 SPX performed, with annual price changes going back to the end of 2021, to reflect the index’s 19.4% decline in 2022. All price changes in this article exclude dividends. Price changes are adjusted for stock splits.
Since this article includes a list of the year’s biggest decliners, the sectors are sorted by ascending 2024 price changes:
|
Sector or index |
2024 price change |
2023 price change |
2022 price change |
Price change since end of 2021 |
|
Materials |
-1.8% |
10.2% |
-14.1% |
-7.0% |
|
Healthcare |
0.9% |
0.3% |
-3.6% |
-2.4% |
|
Real Estate |
1.7% |
8.3% |
-28.4% |
-21.2% |
|
Energy |
2.3% |
-4.8% |
59.0% |
54.9% |
|
Consumer Staples |
12.0% |
-2.2% |
-3.2% |
6.1% |
|
Industrials |
15.6% |
16.0% |
-7.1% |
24.7% |
|
Utilities |
19.6% |
-10.2% |
-1.4% |
5.8% |
|
Financials |
28.4% |
9.9% |
-12.4% |
23.8% |
|
Consumer Discretionary |
29.1% |
41.0% |
-37.6% |
13.7% |
|
Information Technology |
35.7% |
56.4% |
-28.9% |
50.9% |
|
Communication Services |
38.9% |
54.4% |
-40.4% |
27.7% |
|
S&P 500 |
23.3% |
24.2% |
-19.4% |
23.4% |
The S&P 500 rose 23.3% during 2024, following a 24.2% gain in 2023. When the 2022 decline is factored in, the index’s gain from the end of 2021 was 23.4%.
The materials sector was the only one that was down for 2024, but along with this sector, the healthcare and real-estate sectors showed declines since the end of 2021.
Among the S&P 500, 34% of stocks showed declines for 2024 through the year’s second-to-last trading session. There were 96 stocks down at least 10%, and 57 that were down at least 20%.
Here are the 20 stocks in the S&P 500 showing the largest declines (excluding dividends) for 2024 through Monday:
|
Company |
Ticker |
2024 price change |
2023 price change |
2022 price change |
Price change since end of 2021 |
|
Walgreens Boots Alliance Inc. |
WBA |
-64.3% |
-30% |
-28% |
-82% |
|
Intel Corp. |
INTC |
-60.1% |
90% |
-49% |
-61% |
|
Moderna Inc. |
MRNA |
-58.2% |
-45% |
-29% |
-84% |
|
Celanese Corp. |
CE |
-55.5% |
52% |
-39% |
-59% |
|
Estee Lauder Companies Inc. |
EL |
-48.7% |
-41% |
-33% |
-80% |
|
Enphase Energy Inc. |
ENPH |
-48.0% |
-50% |
45% |
-62% |
|
Dollar Tree Inc. |
DLTR |
-47.2% |
0% |
1% |
-47% |
|
Humana Inc. |
HUM |
-44.6% |
-11% |
10% |
-45% |
|
Dollar General Corp. |
DG |
-44.2% |
-45% |
4% |
-68% |
|
CVS Health Corp. |
CVS |
-43.1% |
-15% |
-10% |
-56% |
|
Biogen Inc. |
BIIB |
-40.9% |
-7% |
15% |
-36% |
|
Albemarle Corp. |
ALB |
-40.4% |
-33% |
-7% |
-63% |
|
Lamb Weston Holdings Inc. |
LW |
-38.2% |
21% |
41% |
5% |
|
DexCom Inc. |
DXCM |
-37.3% |
10% |
-16% |
-42% |
|
Microchip Technology Inc. |
MCHP |
-36.4% |
28% |
-19% |
-34% |
|
APA Corp. |
APA |
-35.6% |
-23% |
74% |
-14% |
|
Brown-Forman Corp. Class B |
BF.B |
-33.5% |
-13% |
-10% |
-48% |
|
AES Corp. |
AES |
-33.1% |
-33% |
18% |
-47% |
|
Nucor Corp. |
NUE |
-32.9% |
32% |
15% |
2% |
|
Aptiv PLC |
APTV |
-32.6% |
-4% |
-44% |
-63% |
|
Estée Lauder Companies Inc. |
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Click on the ticker symbols for more about each company.
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