Here are the worst (and best) performing stocks of August and for
After a strong showing in July, when stock indexes rebounded from their 2022 lows of June, U.S. equities abruptly reversed course in August.
Here’s the damage:
| Index | Price change – July 29 through Aug. 30 | Price change – 2022 through Aug. 30 | Price change – 2021 |
|
S&P 500 SPX |
-3.5% | -16.4% | 26.9% |
|
Dow Jones Industrial Average DJIA |
-3.2% | -12.5% | 18.7% |
|
Nasdaq Composite Index COMP |
-4.1% | -24.0% | 21.4% |
|
Nasdaq-100 Index NDX |
-4.7% | -24.4% | 26.6% |
| Source: FactSet | |||
All price changes in this article exclude dividends.
The S&P 500’s
SPX
market capitalization has declined by $6.76 trillion this year to $33.59 trillion. Market caps for the largest five companies in the benchmark index (Apple Inc.
AAPL,
Microsoft Corp.
MSFT,
Amazon.com Inc.
AMZN,
Tesla Inc.
TSLA
and Alphabet Inc.
GOOG
GOOGL
) have dropped by a combined $1.95 trillion.
Here’s how the 11 sectors of the S&P 500 have performed during August and for 2022 so far. Forward price-to-earnings ratios are also included for three dates, based on rolling forward 12-month earnings-per-share estimates among analysts polled by FactSet:
| Index | Price change – July 29 through Aug. 30 | Price change – 2022 through Aug. 30 | Price change – 2021 | Forward P/E | Forward P/E – July 29 | Forward P/E – Dec. 31 |
| Energy | 3.2% | 46.1% | 47.7% | 9.2 | 8.7 | 11.0 |
| Utilities | 0.8% | 4.1% | 14.0% | 20.7 | 20.3 | 20.8 |
| Consumer Staples | -1.3% | -5.1% | 15.6% | 20.7 | 20.9 | 21.8 |
| Financials | -1.3% | -15.0% | 32.5% | 11.8 | 12.0 | 14.7 |
| Industrials | -2.2% | -11.7% | 19.4% | 17.3 | 17.7 | 20.6 |
| Materials | -2.5% | -15.9% | 25.0% | 13.7 | 13.8 | 17.0 |
| Consumer Discretionary | -3.7% | -23.4% | 23.7% | 27.2 | 28.3 | … |
Read More: Here are the worst (and best) performing stocks of August and for