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# These are the worst-performing stocks in October as Big Tech slumps

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These are the worst-performing stocks in October as Big Tech slumps

The information technology sector fell over 5% for the month, the biggest drop for any industry

October marked a cooling-off period for many large-cap technology stocks, which had led the market higher after the pandemic began in March.

Solid earnings reports and record sales for Apple Inc.
AAPL,
-5.60%,
Amazon.com Inc.
AMZN,
-5.44%,
Facebook Inc.
FB,
-6.31%
 and Google holding company Alphabet Inc.
GOOG,
+3.43%
 weren’t enough to settle investors’ worries over record new COVID-19 cases in the U.S. and political uncertainty heading into the Nov. 3 elections.

Even Tesla Inc.
TSLA,
-5.54%
 took a 9.5% tumble during October. Then again, the electric-vehicle pioneer’s stock is still up 364% for 2020.

• The Dow Jones Industrial Average
DJIA,
-0.59%
 pulled back 156 points, or 0.6%, on Friday to close out October with a 4.6% drop — the worst month for the Dow since March, when it plunged nearly 14%. The index has now fallen 7.1% for 2020. (All price changes in this article exclude dividends.)

• The S&P 500 Index
SPX,
-1.21%
 was down 1.2% on Friday, ending October with a 2.8% decline. That followed a 3.9% decrease in September. The benchmark index is now up 1.2% for 2020.

• The Nasdaq Composite Index
COMP,
-2.45%
tumbled 2.4% on Friday, settling the month down 2.3%. The technology-heavy Nasdaq is up 21.6% this year.

The information technology sector was the worst performer among the 11 sectors of the S&P 500 for the month:

S&P 500 sector

Price change – October

Price change – 2020

Information Technology

-5.2%

20.9%

Energy

-4.7%

-52.5%

Health Care

-3.8%

-0.3%

Real Estate

-3.4%

-12.0%

Consumer Staples

-3.0%

-1.2%

Consumer Discretionary

-3.0%

18.8%

Industrials

-1.5%

-6.8%

Financials

-1.0%

-22.5%

Materials

-0.8%

2.9%

Communication Services

0.5%

8.2%

Utilities

5.0%

-3.5%

Source: FactSet

Dow

Here’s how all 30 components of the Dow Jones Industrial Average performed during October.

Company

Ticker

Price change – October

Price change – 2020

Decline from all-time intraday high

Date of all-time intraday high

Amgen Inc.

AMGN,
-0.40%
 

-14.6%

-10.0%

-18.1%

07/06/2020

Intel Corp.

INTC,
+0.38%
 

-14.5%

-26.0%

-41.6%

08/28/2000

Boeing Co.

BA,
-2.63%
 

-12.6%

-55.7%

-67.6%

03/01/2019

Merck & Co. Inc.

MRK,
-0.89%
 

-9.3%

-17.3%

-18.8%

12/20/2019

Visa Inc. Class A

V,
-1.70%
 

-9.1%

-3.3%

-16.4%

09/02/2020

American Express Co.

AXP,
+0.18%
 

-9.0%

-26.7%

-33.9%

01/24/2020

Cisco Systems Inc.

CSCO,
+0.58%
 

-8.9%

-25.1%

-56.2%

03/27/2000

International Business Machines Corp.

IBM,
+2.52%
 

-8.2%

-16.7%

-48.3%

03/15/2013

Johnson & Johnson

JNJ,
-0.05%
 

-7.9%

-6.0%

-12.7%

04/23/2020

Salesforce.com Inc.

CRM,
-2.05%
 

-7.6%

42.8%

-18.4%

09/02/2020

Apple Inc.

AAPL,
-5.60%
 

-6.0%

48.3%

-21.1%

09/02/2020

Goldman Sachs Group Inc.

GS,
-0.47%
 

-5.9%

-17.8%

-31.3%

03/12/2018

Walgreens Boots Alliance Inc.

WBA,
+1.55%
 

-5.2%

-42.3%

-65.0%

08/05/2015

Nike Inc. Class B

NKE,
-2.26%
 

-4.3%

18.5%

-8.6%

10/21/2020

Verizon Communications Inc.

VZ,
+0.40%
 

-4.2%

-7.2%

-8.5%

10/04/1999

Home Depot Inc.

HD,
-1.08%
 

-4.0%

22.1%

-9.0%

08/27/2020

Microsoft Corp.

MSFT,
-1.09%
 

-3.7%

28.4%

-13.1%

09/02/2020

Chevron Corp.

CVX,
+1.01%
 

-3.4%

-42.3%

-48.5%

07/24/2014

Dow Inc.

DOW,
-1.64%
 

-3.3%

-16.9%

-24.8%

04/04/2019

McDonald’s Corp.

MCD,
-0.90%
 

-3.0%

7.8%

-8.2%

10/16/2020

Coca-Cola Co.

KO,
+0.08%
 

-2.7%

-13.2%

-20.1%

02/21/2020

Walt Disney Co.

DIS,
-0.23%
 

-2.3%

-16.2%

-21.0%

11/26/2019

UnitedHealth Group Inc.

UNH,
+0.48%
 

-2.1%

3.8%

-9.1%

10/23/2020

Procter & Gamble Co.

PG,
-0.34%
 

-1.4%

9.7%

-6.0%

10/16/2020

Walmart Inc.

WMT,
-0.83%
 

-0.8%

16.8%

-8.3%

09/02/2020

3M Co.

MMM,
+0.93%
 

-0.1%

-9.3%

-38.4%

01/26/2018

Honeywell International Inc.

HON,
+0.21%
 

0.4%

-6.6%

-10.2%

01/17/2020

J.P. Morgan Chase & Co.

JPM,
+0.89%
 

1.8%

-29.7%

-30.5%

01/02/2020

Caterpillar Inc.

CAT,
+1.53%
 

5.3%

6.3%

-9.3%

01/16/2018

Travelers Cos. Inc.

TRV,
-1.42%
 

11.6%

-11.9%

-22.2%

07/16/2019

Source: FactSet

Scroll the tables to see all the data. You can click on the tickers for more about each company.

S&P 500

Among S&P 500 stocks, 58% were down in October. Here are the 10 worst performers for the month:

Company

Ticker

Price change – October

Price change – 2020

Decline from all-time intraday high

Date of all-time intraday high

 Vertex Pharmaceuticals Inc. 

VRTX,
+0.65%
-23.4%

-4.8%

-31.9%

07/07/2020

 DexCom Inc. 

DXCM,
-4.68%
-22.5%

46.1%

-30.0%

08/07/2020

 Citrix Systems Inc. 

CTXS,
-0.57%
-17.7%

2.1%

-34.7%

07/22/2020

 International Flavors & Fragrances Inc. 

IFF,
-0.25%
-16.2%

-20.4%

-34.8%

01/17/2018

 Fidelity National Information Services Inc. 

FIS,
-0.34%
-15.5%

-10.5%

-21.3%

02/14/2020

 Mastercard Inc. Class A 

MA,
-1.54%
-14.6%

-3.3%

-21.4%

08/28/2020

 Amgen Inc. 

AMGN,
-0.40%
-14.6%

-10.0%

-18.1%

07/06/2020

 Lumen Technologies Inc. 

LUMN,
-0.57%
-14.6%

-34.7%

-82.7%

06/14/2007

 Intel Corp. 

INTC,
+0.38%
-14.5%

-26.0%

-41.6%

08/28/2000

 Lennar Corp. Class A 

LEN,
-1.91%
-14.0%

25.9%

-19.1%

10/16/2020

Source: FactSet

Nasdaq-100

Here are October’s 10 worst performers among components of the Nasdaq-100 Index
NDX,
-2.62%
:

Company

Ticker

Price change – October

Price change – 2020

Decline from all-time intraday high

Date of all-time intraday high

 Vertex Pharmaceuticals Inc. 

VRTX,
+0.65%
-23.4%

-4.8%

-31.9%

07/07/2020

 DexCom Inc. 

DXCM,
-4.68%
-22.5%

46.1%

-30.0%

08/07/2020

 Citrix Systems Inc. 

CTXS,
-0.57%
-17.7%

2.1%

-34.7%

07/22/2020

 Seagen Inc. 

SGEN,
-13.27%
-14.8%

46.0%

-22.0%

10/13/2020

 Amgen Inc. 

AMGN,
-0.40%
-14.6%

-10.0%

-18.1%

07/06/2020

 Intel Corp. 

INTC,
+0.38%
-14.5%

-26.0%

-41.6%

08/28/2000

 Biogen Inc. 

BIIB,
+2.68%
-11.1%

-15.1%

-43.0%

03/20/2015

 Liberty Global PLC Class A 

LBTYA,
-0.15%
-9.7%

-16.5%

-60.7%

05/27/2015

 Tesla Inc. 

TSLA,
-5.54%
-9.5%

363.8%

-22.8%

09/01/2020

 Cisco Systems Inc. 

CSCO,
+0.58%
-8.9%

-25.1%

-56.2%

03/27/2000

Source: FactSet

Don’t miss:These dividend stocks have the potential to give you more money over time

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