For your shopping list: These big tech stocks have dropped as much as

On Oct 5, 2021

Technology stocks have slumped. What investors never know is how long it will take for the inevitable sector reversal.

A list of the worst-performing technology stocks over the past month among the S&P 500 Index
SPX
and the Nasdaq 100 Index
NDX
is below.

Here’s how the 11 sectors of the S&P 500 Index have performed over the past month, excluding dividends:

Index	Price change – one month	Price change – 2021	Price change – 2020	Price change since end of 2019
Health Care	-8.1%	10.5%	11.4%	23.1%
Real Estate	-7.6%	23.4%	-5.2%	17.0%
Information Technology	-7.1%	13.4%	42.2%	61.3%
Communication Services	-6.9%	20.3%	22.2%	47.0%
Utilities	-6.4%	3.1%	-2.8%	0.2%
Materials	-6.0%	10.2%	18.1%	30.2%
Industrials	-5.4%	11.3%	9.0%	21.3%
Consumer Staples	-5.4%	2.5%	7.6%	10.3%
Consumer Discretionary	-3.0%	9.3%	32.1%	44.3%
Financials	-0.2%	28.4%	-4.1%	23.2%
Energy	14.2%	45.2%	-37.3%	-9.0%
S&P 500 Index	-5.2%	14.5%	16.3%	33.1%
Source: FactSet

All in all, 2021 has been a fine year for stock market performance, especially when considering that it has followed what turned out to be a good 2020 for most sectors. The technology sector was the third-worst-performing sector from Sept. 3 through Oct. 4, but it has been the clear leader from the end of 2019 through the Covid-19 pandemic.

Wedbush analyst Dan Ives attributed the pullback in technology stocks to the fear of rising interest rates and concern over growth-stock valuations in a note to clients on Oct. 5. He went on to predict the pressure on tech stocks would be “short-lived” and that the sector would be up 10% from here through the end of 2021.

“[T]he tech growth stories are being massively underestimated by the Street in
our opinion with 3Q earnings a major positive catalyst for the tech sector looking
ahead,” Ives wrote.

The overwhelming tendency for companies…