Those 20 stocks on the S&P lost as much as 21.5% in another brutal week for the market.


Another tough week for US stocks ended with shares of oil producers falling and Ford Motor Co falling further on worries about supply shortages.

S&P 500 SPX
It fell 1.7% on Friday, down 4.6% for the week, as investors continued to worry about the Federal Reserve raising interest rates to tame inflation.

Among the benchmark index’s components, all but 17 declined for the week. West Texas Intermediate crude CL for November delivery
On the New York Mercantile Exchange, crude fell 7.1% for the week, down nearly 6% to $78.74 a barrel.

Read: Oil prices in the US fell below 80 dollars/barrel due to recession fears

“The macro environment is really bad for oil prices,” according to Gabelli analyst Simon Wong. In an interview, Wong said a strong dollar makes dollar-denominated oil more expensive for other countries and hurts demand for crude oil. As you can see below, the energy sector had the worst performance for a bad week.

Eight of the top 20 decliners in the S&P 500 for the week were in the energy sector:

Company

Ticker

industry

Price change – one week to September 23

Price change – September 23

Price change – 2022

Caesars Entertainment Inc.

CZR

Casinos/Gaming

-21.5%

-6.0%

-62.2%

APA Corp.

APA

Integrated oil

-18.8%

-11.4%

22.2%

Carnival Corp.

CCL

Hotels/Resorts/Cruise Lines

-16.8%

-7.2%

-55.5%

SolarEdge Technologies Inc.

SEDG

Electrical Products

-16.7%

-4.5%

-7.8%

Marathon Oil Corp.

MRO

Oil and gas production

-16.5%

-10.9%

33.4%

Ford Motor Co.

F

Motor Vehicles

-16.3%

-3.6%

-40.7%

Iron Mountain Inc.

IRM

Real Estate Investment Trusts

-15.7%

-2.8%

-10.9%

Catalent Inc.

CTLT

Pharmacy: Major

-15.4%

-3.7%

-40.6%

Charter Communications Inc. Class A

CHTR

Cable/satellite TV

-14.8%

-3.7%

-50.7%

Match Group Inc.

MTCH

Internet Software/Services

-14.6%

-2.6%

-64.2%

Hess Corp.

HPP

Oil and gas production

-14.0%

-8.6%

41.3%

Live Nation Entertainment Inc.

LYV

Movies/Entertainment

-13.9%

-2.9%

-37.1%

Devon Energy Corp.

DVN

Integrated oil

-13.7%

-8.6%

31.0%

Steris PLC

STE

Medical Specialties

-13.6%

-5.4%

-31.3%

Ball Corp.

TOP

Containers / Packaging

-13.3%

-0.2%

-49.0%

Diamondback Energy Inc.

FANG

Oil and gas production

-13.1%

-9.0%

6.8%

PENN Entertainment Inc.

Penn

Casinos/Gaming

-12.9%

-0.5%

-48.7%

Halliburton Co.

CASE

Oilfield Services/ Equipment

-12.8%

-8.7%

7.5%

Pioneer Natural Resources Co.

PXD

Oil and gas production

-12.7%

-7.8%

14.9%

ONEOK Inc.

OK

Oil and gas pipelines

-12.4%

-8.4%

-10.2%

Source: FactSet

Click on the icons for more information on each company, including news coverage, financials and charts. Then read Tommy Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote pages.

Ford F shares
It fell another 3.6% on Friday for a 16.5% drop for the week after The Wall Street Journal reported that the company was delaying deliveries of some vehicles because it didn’t have enough blue oval badges to put on them. It followed Ford’s warning on Monday that it would end the third quarter with more unfinished vehicles than it had previously expected.

Read: Ford announces leadership changes as it accelerates ‘Ford+’ growth plan, strengthens supply chain operations

Energy slips, but still moves towards 2022

The S&P 500’s energy sector declined the most for the week, but is still one of only two sectors showing gains for 2022:

S&P 500 sector

Price change – one week

Price change – September 23

Price change – 2022

Energy

-9.0%

-6.7%

28.4%

Consumer Discretionary

-7.0%

-2.3%

-28.6%

Real Estate

-6.4%

-1.3%

-27.6%

Materials

-5.7%

-2.0%

-24.3%

Finance

-5.6%

-1.5%

-20.5%

Communication services

-5.1%

-1.8%

-37.5%

Industry

-4.5%

-1.9%

-19.8%

Information technologies

-3.6%

-1.4%

-29.0%

Healthcare

-3.4%

-0.5%

-12.9%

Utilities

-3.0%

-1.2%

0.3%

Consumer basics

-2.1%

-1.7%

-9.9%

S&P 500

-4.6%

-1.7%

-22.5%

Source: FactSet

Don’t miss: Tesla, Take-Two and Exxon are among the exceptions to this big challenge for stock prices



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