The S&P 500 sank 5% in a very bad week for stocks.  Those 20 lost as much as 24%.

The S&P 500 sank 5% in a very bad week for stocks. Those 20 lost as much as 24%.

US stocks fell on Friday to end the week in the red. Daily declines of less than 1% for the broad indexes eased from Tuesday, when they fell 4% to 5%.

For the week, the Dow Jones Industrial Average DJIA,
-0.45%
fell 1,329 points (or 4.1%), closing Friday at 30,822. The benchmark S&P 500 SPX,
-0.72%
fell 4.8% for the week, while the Nasdaq Composite Index COMP,
-0.90%
gave 5.5%.

Investors have been jittery, reacting to any sign of continued gains in consumer prices or economic strength ahead of the Federal Open Market Committee’s Sept. 20-21 meeting. The FOMC will make a policy announcement on Wednesday, September 21, followed by Federal Reserve Chairman Jerome Powell’s press conference.

Check out MarketWatch’s Weekend Reads for a preview of what to expect from the Federal Reserve.

Reading: The next financial crisis may already be brewing — but not where investors might expect

Among the S&P 500, 95% of stocks closed the week down. On Friday, the highest-profile loser was FedEx Corp., whose FDX shares fell 21% for the session after the company issued an earnings warning, citing weakening business conditions.

Response to FedEx:

Worst week decline among S&P 500

Here’s how the 11 S&P 500 sectors fared for the week, ranked by how much they fell:

Index finger

Price change – 1 week

Price change – 2022

Materials

-6.7%

-19.8%

Real estate

-6.5%

-22.6%

Communication Services

-6.4%

-34.2%

Industries

-6.4%

-16.0%

INFORMATION TECHNOLOGY

-6.1%

-26.3%

Consumer discretion

-4.2%

-23.2%

Utilities

-3.8%

3.4%

Financially

-3.8%

-15.8%

Basic consumer goods

-3.6%

-8.0%

Energy

-2.6%

41.1%

Health Care

-2.4%

-9.9%

S&P 500

-4.8%

-18.7%

Source: FactSet

Here are the 20 S&P 500 companies whose stocks posted the biggest declines for the week:

Company

Heart

Price change – one week until September 16th

Price change – September 16

Price change – 2022

Down from 52-week intraday high

Date of 52-week intraday high

Adobe Inc.

ADBE,
-3.12%

-24.1%

-3.1%

-47.2%

-57.2%

22/11/2021

FedEx Corp.

FDX,
-21.40%

-23.0%

-21.4%

-37.7%

-39.6%

01/05/2022

Nucor Corp.

NUE,
-0.16%

-18.4%

-0.2%

2.6%

-37.7%

21/04/2022

WestRock Co.

wrk,
-11.48%

-16.3%

-11.5%

-23.0%

-37.7%

05/05/2022

Generac Holdings Inc.

GNRC,
-4.07%

-15.9%

-4.1%

-43.2%

-61.8%

11/02/2021

International Paper Co.

IP,
-11.21%

-15.6%

-11.2%

-25.0%

-37.7%

13/10/2021

Eastman Chemical Co.

EMN,
-2.67%

-15.5%

-2.7%

-34.6%

-38.9%

19/01/2022

Packaging Corp. of America

PKG,
-11.01%

-15.4%

-11.0%

-13.3%

-29.9%

21/04/2022

Western Digital Corp.

WDC,
-1.46%

-15.0%

-1.5%

-42.9%

-46.3%

01/05/2022

West Pharmaceutical Services Inc.

WST,
-2.07%

-14.5%

-2.1%

-42.8%

-43.6%

27/12/2021

SVB Financial Group

SIVB,
-4.38%

-14.3%

-4.4%

-46.6%

-52.5%

16/11/2021

Meta Platforms Inc. Category A

POST,
-2.18%

-13.5%

-2.2%

-56.5%

-61.3%

15/09/2021

Prologis Inc.

pld,
-2.19%

-12.3%

-2.2%

-32.5%

-34.9%

21/04/2022

Mohawk Industries Inc.

MHK,
-1.26%

-12.2%

-1.3%

-45.2%

-49.9%

28/10/2021

Sealed Air Corp.

I SEE,
-4.16%

-12.0%

-4.2%

-27.9%

-31.2%

29/03/2022

Duke Realty Corp.

DRE,
-2.14%

-12.0%

-2.1%

-17.9%

-18.6%

31/12/2021

Bio-Rad Laboratories Inc. Category A

RESUME,
-5.12%

-11.9%

-5.1%

-40.6%

-44.4%

15/09/2021

Lumen Technologies Inc.

LUMN,
-1.79%

-11.7%

-1.8%

-29.9%

-39.3%

11/05/2021

T. Rowe Price Group

FRONO,
-1.74%

-11.5%

-1.7%

-44.0%

-50.7%

11/05/2021

Bio-Techne Corp.

TECHNIQUE,
-2.78%

-11.3%

-2.8%

-40.5%

-43.4%

23/09/2021

Source: FactSet

Adobe Inc. suffered the worst one-week drop in its share price in 20 years as analysts questioned the timing and price of the cut-down deal to buy Figma.

Here’s an interesting look at how far Meta Platforms Inc. META,
-2.18%
has fallen this year, embodying the company’s own bleak outlook.

Dont miss: These 20 stocks have short interest of 19% or more, and AMC and GameStop aren’t even in the top half

Hear Ray Dalio at MarketWatch’s Best New Ideas in Money Festival on September 21st and 22nd in New York. The hedge fund pioneer has strong views on where the economy is headed.

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