U.S. stocks suffered significant declines Tuesday, as the technology sector led the market lower and the oil rout continued.
• The Dow Jones Industrial Average
US:DJIA
dipped 632 points (or 2.7%) to close at 23,018.88. The index is now down 22.1% from its closing high Feb. 12. (All figures in this article exclude dividends.)
• The S&P 500 Index
US:SPX
sank 3.1% and ended 19.2% below its record closing level set Feb. 19. This was the worst decline for the benchmark since it fell 4.4% on April 1.
• The Nasdaq Composite Index
US:COMP
fell 3.5% and ended 15.8% below its record closing high Feb. 19.
The West Texas Intermediate (WTI) crude oil contract for delivery in May expired Tuesday after sinking below zero Monday. West Texas crude for June delivery
US:CLM20
fell 35% to $13.24 a barrel, while WTI for September delivery
US:CLU20
was down 16% to $24.99. MarketWatch’s William Watts explained the oil “contango” situation, which has led producers and traders to a scramble for storage in anticipation of higher selling prices several months out.
President Trump said he had directed Treasury Secretary Steven Mnuchin to prepare a plan for federal aid to the oil and gas industry.
Read:These U.S. oil companies are most at risk in the danger zone
Here’s how the 11 sectors of the S&P 500 fared Tuesday (scroll the table to see longer-term price changes):
| S&P 500 sector | Price change – April 21 | Price change – 1 week | Price change – 2020 | Price change – 2019 |
| Energy | -1.7% | -3.9% | -45.8% | 7.6% |
| Information Technology | -4.1% | -5.4% | -8.2% | 48.0% |
| Financials | -3.2% | -5.8% | -30.8% | 29.2% |
| Consumer Discretionary | -2.7% | -1.6% | -10.0% | 26.2% |
| Materials | -2.5% | -6.0% | -22.1% | 21.9% |
| Industrials | -2.4% | -4.2% | -26.3% | 26.8% |
| Communication Services | -3.2% | -3.3% | -13.0% | 30.9% |
| Health Care | -3.1% | -0.3% | -5.0% | 18.7% |
| Real Estate | -1.6% | -6.5% | -15.5% | 24.9% |
| Utilities | -1.6% | -5.5% | -11.3% | 22.2% |
| Consumer Staples | -2.3% | -3.6% | -8.0% | 24.0% |
| Source: FactSet | ||||
Dow Jones Industrial Average
All but one of the components of the Dow Jones Industrial Average were down Tuesday:
| Company | Ticker | Price change – April 21, 2020 | Price change – 1 week | Price change – 2020 | Price change – 2019 |
| Merck & Co. Inc. |
US:MRK |
-5.5% | -5.2% | -13.6% | 19.0% |
| Boeing Co. |
US:BA |
-5.1% | -3.3% | -58.2% | 1.0% |
| Intel Corp. |
US:INTC |
-4.8% | -7.1% | -5.8% | 27.5% |
| Cisco Systems Inc. |
US:CSCO |
-4.7% | -5.2% | -15.5% | 10.7% |
| Caterpillar Inc. |
US:CAT |
-4.1% | -5.7% | -25.6% | 16.2% |
| Microsoft Corp. |
US:MSFT |
-4.1% | -3.4% | 6.4% | 55.3% |
| Goldman Sachs Group Inc. |
US:GS |
-3.7% | -2.5% | -24.4% | 37.6% |
| United Technologies Corp. |
AR:UTX |
-3.6% | -3.7% | -29.1% | 40.6% |
| Apple Inc. |
US:AAPL |
-3.1% | -6.5% | -8.6% | 86.2% |
| Nike Inc. Class B |
US:NKE |
-3.1% | -2.6% | -15.9% | 36.6% |
| International Business Machines Corp. |
US:IBM |
-3.0% | -5.8% | -12.9% | 17.9% |
| American Express Co. |
US:AXP |
-3.0% | -7.8% | -34.5% | 30.6% |
| J.P. Morgan Chase & Co. |
US:JPM |
-2.9% | -6.8% | -36.1% | 42.8% |
| UnitedHealth Group Inc. |
US:UNH |
-2.8% | 1.4% | -6.7% | 18.0% |
| Home Depot Inc. |
US:HD |
-2.6% | -3.2% | -8.1% | 27.1% |
| Coca-Cola Co. |
US:KO |
-2.5% | -7.2% | -18.0% | 16.9% |
| Chevron Corp. |
US:CVX |
-2.3% | -3.5% | -32.3% | 10.8% |
| Verizon Communications Inc. |
US:VZ |
-2.3% | -2.3% | -7.5% | 9.2% |
| Visa Inc. Class A |
US:V |
-2.2% | -8.1% | -14.6% | 42.4% |
| McDonald’s Corp. |
US:MCD |
-2.2% | -3.5% | -10.1% | 11.3% |
| Dow Inc. |
US:DOW |
-2.1% | -12.7% | -43.6% | #N/A |
| Walt Disney Co. |
US:DIS |
-1.7% | -5.2% | -30.5% | 31.9% |
| 3M Co. |
US:MMM |
-1.4% | -5.7% | -19.7% | -7.4% |
| Johnson & Johnson |
US:JNJ |
-1.3% | 2.5% | 2.6% | 13.0% |
| Pfizer Inc. |
US:PFE |
-1.3% | -2.3% | -9.1% | -10.2% |
| Procter & Gamble Co. |
US:PG |
-0.8% | -1.1% | -4.2% | 35.9% |
| Walgreens Boots Alliance Inc. |
US:WBA |
-0.7% | -8.3% | -27.8% | -13.7% |
| Exxon Mobil Corp. |
US:XOM |
-0.5% | -3.5% | -41.3% | 2.3% |
| Walmart Inc. |
US:WMT |
-0.5% | 0.2% | 8.7% | 27.6% |
| Travelers Companies Inc. |
US:TRV |
0.0% | -5.8% | -25.7% | 14.4% |
| Source: FactSet | |||||
You can click on the tickers for more about each company.
Scroll the table to see all the data.
S&P 500
Among the S&P 500, 470 stocks declined Tuesday. Here are the day’s worst 10 performers:
| Company | Ticker | Price change – April 21, 2020 | Price change – 1 week | Price change – 2020 | Price change – 2019 |
| Fortinet Inc. |
US:FTNT |
-9.9% | -7.5% | -5.2% | 51.6% |
| Howmet Aerospace Inc. |
US:HWM |
-9.0% | -13.2% | -57.7% | 82.5% |
| Lam Research Corp. |
US:LRCX |
-8.7% | -10.6% | -16.7% | 114.7% |
| Freeport-McMoRan Inc. |
US:FCX |
-7.6% | -10.9% | -43.5% | 27.3% |
| Salesforce.com Inc. |
US:CRM |
-7.5% | -4.5% | -7.4% | 18.7% |
| Advanced Micro Devices Inc. |
US:AMD |
-7.1% | -3.7% | 15.4% | 148.4% |
| Varian Medical Systems Inc. |
US:VAR |
-7.1% | -7.6% | -26.7% | 25.3% |
| Motorola Solutions Inc. |
US:MSI |
-6.9% | -5.3% | -10.2% | 40.1% |
| Pentair PLC |
US:PNR |
-6.7% | -9.2% | -36.2% | 21.4% |
| Nielsen Holdings PLC |
US:NLSN |
-6.5% | -14.8% | -41.2% | -13.0% |
| Source: FactSet | |||||
Nasdaq-100
Here are Tuesday’s 10 worst performers among components of the Nasdaq-100 Index
US:NDX
:
| Company | Ticker | Price change – April 21 2020 | Price change – 1 week | Price change – 2020 | Price change – 2019 |
| Lam Research Corp. |
US:LRCX |
-8.7% | -10.6% | -16.7% | 114.7% |
| Tesla Inc. |
US:TSLA |
-8.0% | -3.3% | 64.2% | 25.7% |
| Workday Inc. Class A |
US:WDAY |
-7.1% | -6.2% | -14.8% | 3.0% |
| Advanced Micro Devices Inc. |
US:AMD |
-7.1% | -3.7% | 15.4% | 148.4% |
| CoStar Group Inc. |
US:CSGP |
-6.7% | -12.7% | -5.9% | 77.4% |
| NXP Semiconductors NV |
US:NXPI |
-6.5% | -12.2% | -36.3% | 73.7% |
| CDW Corp. |
US:CDW |
-6.4% | -7.4% | -30.8% | 76.2% |
| Nvidia Corp. |
US:NVDA |
-6.1% | -5.1% | 14.5% | 76.3% |
| Fiserv Inc. |
US:FISV |
-5.6% | -5.3% | -20.6% | 57.3% |
| Intuit Inc. |
US:INTU |
-5.6% | -4.7% | -4.9% | 33.1% |
| Source: FactSet | |||||