S&P500 Fell 9.1% Last Week And These Large Cap Stocks Were Obliterated (Mar 31-Apr 4)
Lekha Gupta 1 year ago
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Several large-cap stocks, mainly in technology, saw significant declines this week due to macro and supply chain uncertainties. Are they in your portfolio?
Last week, shares across several sectors, mainly technology, fell as investors reacted to macro and supply chain uncertainty amid President Trump’s sweeping Liberation Day tariffs and retaliatory responses from major trading nations. The S&P 500 index fell about 9.1%.
These large-cap stocks were the worst performers. Are they in your portfolio?
- Micron Technology, Inc. (NASDAQ:MU) shares dipped 26.81%.
- Microchip Technology Incorporated (NASDAQ:MCHP) shares dived 25.63%.
- Mizuho Financial Group, Inc. (NYSE:MFG) stock declined 25.18%.
- Venture Global, Inc. (NYSE:VG) stock was down 24.82%. UBS initiated coverage of the company with a Buy rating and announced a price forecast of $14.
- Western Digital Corporation (NASDAQ:WDC) shares plummeted 24.82%.
- GE HealthCare Technologies Inc. (NASDAQ:GEHC) stock fell 24.37%
- Freeport-McMoRan, Inc. (NYSE:FCX) shares decreased 24.13%
- Southwest Airlines Company (NYSE:LUV) stock tumbled 22.98%.
- Affirm Holdings, Inc. (NASDAQ:AFRM) stock fell 22.62%. Stride Bank announced a payments program partnership with the company, through which it will become a new card issuing partner for the Affirm CardTM.
- Dell Technologies Inc. (NYSE:DELL) shares were down 22.39%.
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