Deep Dive: Here are Friday’s worst stock-market performers as oil takes the market down

March 7, 2020

March 7, 2020 - 4:37 AM EST

Deep Dive: Here are Friday’s worst stock-market performers as oil takes the market down

Deep Dive

Published: March 6, 2020 at 5:06 p.m. ET

The largest one-day decline for oil since 2014 pushed 13 stocks in the S&P 500 energy sector down by double digits

http://feeds.marketwatch.com/ — West Texas Intermediate crude oil fell 10% on March 6.

Bloomberg

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On the worst day for oil prices in more than five years, the broad U.S. stock indexes took another beating on Friday.

• The Dow Jones Industrial Average
DJIA,
-0.98%
was down 256.5 points, or 1%, to close at 25,864.78.

• The S&P 500 index
SPX,
-1.70%
fared considerably worse, with a 1.7% decline on Friday. The benchmark index ended 12.2% below its last closing record set on Feb. 19.

• The Nasdaq Composite Index
COMP,
-1.86%
fell 1.9%.

West Texas Intermediate crude oil for April delivery
CLJ20,
-9.43%
plunged 10.2% to settle at $41.28 a barrel — the biggest one-day decline for the most active contract since Nov. 28, 2014. The S&P 500 energy sector fell 5.6% and its worst performers are listed below.

That action followed a failure by OPEC and Russia to come to an agreement on oil-production cuts in the wake of greatly reduced global demand as the coronavirus continued to spread.

A flight to safety was underlined by very strong demand for U.S. Treasury paper. The yield on 10-year Treasury
TMUBMUSD10Y,
0.767%
notes plunged as low as 0.66% early Friday before moving up to 0.75% at 4 p.m. ET. That was down from 0.92% Thursday, 1.13% a week earlier and 1.92% at the end of 2019.

S&P 500

Friday’s worst 15 performers among the S&P 500 included 14 energy stocks:

Company	Industry	Ticker	Price change – March 6, 2020	Price change since Feb. 19	Decline from 52-week high	Price change – 2020	Price change – 2019
Diamondback Energy Inc.	Oil & Gas Production	FANG, -16.57%	-16.6%	-38.8%	-57.5%	-47.7%	0.2%
Devon Energy Corp.	Oil & Gas Production	DVN, -16.17%	-16.2%	-41.2%	-62.2%	-48.5%	15.2%
Cimarex Energy Co.	Oil & Gas Production	XEC, -15.40%	-15.4%	-40.0%	-67.7%	-53.5%	-14.9%
Apache Corp.	Integrated Oil	APA, -14.95%	-15.0%	-27.3%	-45.7%	-19.1%	-2.5%
Occidental Petroleum Corp.	Oil & Gas Production	OXY, -14.67%	-14.7%	-36.8%	-61.0%	-34.8%	-32.9%
National Oilwell Varco Inc.	Oilfield Services/Equipment	NOV, -13.22%	-13.2%	-32.9%	-46.6%	-37.4%	-2.5%
Helmerich & Payne Inc.	Contract Drilling	HP, -13.15%	-13.2%	-39.3%	-57.4%	-39.3%	-5.2%
Marathon Oil Corp.	Oil & Gas Production	MRO, -12.43%	-12.5%	-34.8%	-63.9%	-49.7%	-5.3%
Mosaic Co.	Chemicals: Agricultural	MOS, -11.67%	-11.7%	-22.4%	-53.6%	-34.0%	-25.9%
Pioneer Natural Resources Co.	Oil & Gas Production	PXD, -11.37%	-11.4%	-25.6%	-41.0%	-30.6%	15.1%
Halliburton Co.	Oilfield Services/Equipment	HAL, -11.33%	-11.3%	-41.3%	-59.5%	-46.6%	-7.9%
Oneok Inc.	Oil & Gas Pipelines	OKE, -10.89%	-10.9%	-20.2%	-22.0%	-19.1%	40.3%
Concho Resources Inc.	Oil & Gas Production	CXO, -10.74%	-10.7%	-29.7%	-53.4%	-33.8%	-14.8%
EOG Resources Inc.	Oil & Gas Production	EOG, -10.61%	-10.6%	-28.5%	-48.8%	-34.0%	-4.0%
Noble Energy Inc.	Oil & Gas Production	NBL, -9.93%	-9.9%	-29.6%	-53.1%	-46.4%	32.4%
Source: FactSet

You can click the tickers for more about each company.

Dow 30

Here’s how the 30 components of the Dow Jones Industrial Average fared:

Company	Ticker	Price change – March 6, 2020	Price change since Feb. 19	Decline from 52-week high	Price change – 2020	Price change – 2019
JPMorgan Chase & Co.	JPM, -5.16%	-5.2%	-21.4%	-23.4%	-22.5%	42.8%
Exxon Mobil Corp.	XOM, -4.82%	-4.8%	-21.0%	-42.9%	-31.7%	2.3%
Goldman Sachs Group Inc.	GS, -2.98%	-3.0%	-18.7%	-23.0%	-16.1%	37.6%
Microsoft Corp.	MSFT, -2.82%	-2.8%	-13.7%	-15.3%	2.5%	55.3%
Dow Inc.	DOW, -2.81%	-2.8%	-18.1%	-35.6%	-28.8%	#N/A
Home Depot Inc.	HD, -2.68%	-2.7%	-6.2%	-7.6%	4.6%	27.1%
Coca-Cola Co.	KO, -2.60%	-2.6%	-7.5%	-8.1%	-0.2%	16.9%
Travelers Companies Inc.	TRV, -2.48%	-2.5%	-7.2%	-19.5%	-8.8%	14.4%
Nike Inc. Class B	NKE, -2.45%	-2.5%	-13.8%	-16.3%	-12.8%	36.6%
American Express Co.	AXP, -2.43%	-2.4%	-21.0%	-21.6%	-13.1%	30.6%
Intel Corp.	INTC, -2.08%	-2.1%	-16.9%	-19.5%	-6.8%	27.5%
Chevron Corp.	CVX, -1.92%	-1.9%	-13.9%	-25.1%	-20.9%	10.8%
International Business Machines Corp.	IBM, -1.40%	-1.4%	-15.3%	-19.5%	-4.7%	17.9%
Visa Inc. Class A	V, -1.39%	-1.4%	-13.6%	-13.9%	-1.9%	42.4%
Apple Inc.	AAPL, -1.32%	-1.4%	-10.7%	-11.9%	-1.6%	86.2%
Pfizer Inc.	PFE, -1.24%	-1.2%	-3.3%	-21.4%	-10.6%	-10.2%
Verizon Communications Inc.	VZ, -0.50%	-0.5%	-2.3%	-8.6%	-7.4%	9.2%
Caterpillar Inc.	CAT, -0.45%	-0.5%	-11.3%	-19.4%	-17.8%	16.2%
Johnson & Johnson	JNJ, +0.01%	0.0%	-4.6%	-8.1%	-2.6%	13.0%
Procter & Gamble Co.	PG, +0.02%	0.0%	-3.0%	-5.0%	-2.6%	35.9%
United Technologies Corp.	UTX, +0.03%	0.0%	-16.1%	-20.2%	-15.5%	40.6%
Cisco Systems Inc.	CSCO, +0.27%	0.2%	-14.4%	-32.0%	-17.3%	10.7%
McDonald’s Corp.	MCD, +0.27%	0.3%	-7.8%	-10.4%	0.6%	11.3%
UnitedHealth Group Inc.	UNH, +0.32%	0.3%	-7.0%	-7.4%	-3.4%	18.0%
Boeing Co.	BA, +0.75%	0.8%	-22.5%	-39.5%	-19.5%	1.0%
Merck & Co. Inc.	MRK, +0.76%	0.8%	0.2%	-11.3%	-9.6%	19.0%
Walmart Inc.	WMT, +1.13%	1.1%	-0.4%	-6.5%	-1.4%	27.6%
Walt Disney Co.	DIS, +1.13%	1.1%	-18.4%	-24.9%	-20.3%	31.9%
3M Co.	MMM, +1.47%	1.5%	-3.6%	-30.1%	-12.9%	-7.4%
Walgreens Boots Alliance Inc.	WBA, +3.54%	3.5%	-3.0%	-22.4%	-14.3%	-13.7%
Source: FactSet

Nasdaq

Here are the day’s worst 10 performers among components of the Nasdaq-100 Index
NDX,
-1.63%
:

Company	Ticker	Price change – March 6, 2020	Price change since Feb. 19	Decline from 52-week high	Price change – 2020	Price change – 2019
Autodesk Inc.	ADSK, -5.77%	-5.8%	-12.7%	-18.0%	-5.5%	42.6%
JD.com Inc. Sponsored ADR Class A	JD, -5.51%	-5.5%	3.9%	-7.0%	19.7%	68.3%
Western Digital Corp.	WDC, -5.16%	-5.2%	-17.0%	-24.0%	-13.8%	71.7%
Cadence Design Systems Inc.	CDNS, -4.58%	-4.6%	-15.2%	-19.5%	-6.7%	59.5%
Micron Technology Inc.	MU, -4.18%	-4.2%	-10.5%	-15.9%	-4.3%	69.5%
ANSYS Inc.	ANSS, -4.14%	-4.1%	-16.2%	-20.5%	-7.6%	80.1%
Adobe Inc.	ADBE, -4.06%	-4.1%	-8.4%	-12.9%	2.1%	45.8%
Workday Inc. Class A	WDAY, -4.01%	-4.0%	-16.3%	-30.0%	-3.5%	3.0%
Copart Inc.	CPRT, -3.98%	-4.0%	-20.1%	-23.5%	-11.8%	90.3%
Intuit Inc.	INTU, -3.83%	-3.8%	-6.0%	-10.0%	5.4%	33.1%
Source: FactSet

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Philip van Doorn covers various investment and industry topics. He has previously worked as a senior analyst at TheStreet.com. He also has experience in community banking and as a credit analyst at the Federal Home Loan Bank of New York.

The post Deep Dive: Here are Friday’s worst stock-market performers as oil takes the market down appeared first on Financial Press - Breaking Stock Market News.

Source: Financial Press News
(March 7, 2020 - 4:37 AM EST)

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Deep Dive: Here are Friday’s worst stock-market performers as oil takes the market down

Deep Dive

The largest one-day decline for oil since 2014 pushed 13 stocks in the S&P 500 energy sector down by double digits

West Texas Intermediate crude oil fell 10% on March 6.

S&P 500

Dow 30

Nasdaq

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