Updated with Sept. 28 closing prices.
The Federal Reserve’s signaled policy change is having a predictable effect — pushing stock prices lower as bond yields become more attractive.
This reverses some very strong action for U.S. stocks — at least for a day. Below is a list of 10 stocks that had increased at least 50% for 2021 through Sept. 27, but were pulled back the most on Sept. 28.
The Dow Jones Industrial Average DJIA, -1.63% declined 1.6%, while the S&P 500 Index SPX, -2.04% fell 2%. The Nasdaq Composite Index COMP, -2.83% fared worst, tumbling 2.8%.
The yield on 10-year U.S. Treasury notes TMUBMUSD10Y, 1.547% increased by 5 basis points to 1.55%. That was up from 1.33% only a week earlier.
Read: Dow skids as rising bond yields spark equity selloff
Combined, there are 523 stocks in the S&P 500 and Nasdaq-100 NDX, -2.86% indexes. Among these stocks, 50 had risen at least 50% so far in 2021 through Sept. 27, excluding dividends, according to data provided by FactSet. Here are the 10 that declined the most on Sept. 28 — actually 11 stocks, as two common-share classes of Alphabet Inc. GOOGL, -3.72% GOOG, -3.76% are included:
| Company | Price change – Sept. 28 | Price change – 2021 through Sept. 27 | Closing price – Sept. 28 | Decline from 52-week high | 52-week high | Date of 52-week high |
| Applied Materials Inc. AMAT, -6.90% | -6.9% | 65.4% | $132.89 | -9.0% | $146.00 | 04/05/2021 |
| APA Corp. APA, -6.75% | -6.7% | 63.9% | $21.69 | -10.7% | $24.30 | 06/07/2021 |
| ASML Holding N.V. ADR ASML, -6.60% | -6.6% | 71.3% | $780.17 | -12.9% | $895.93 | 09/14/2021 |
| Moderna Inc. MRNA, -6.02% | -6.0% | 291.3% | $384.21 | -22.8% | $497.49 | 08/10/2021 |
| Nvidia Corp. NVDA, -4.44% | -4.5% | 65.9% | $206.90 | -10.2% | $230.43 | 08/30/2021 |
| Bio-Techne Corp. TECH, -4.41% | -4.4% | 61.1% | $488.87 | -10.1% | $543.85 | 09/23/2021 |
| Fortinet Inc. FTNT, -4.22% | -4.2% | 102.4% | $287.88 | -10.6% | $322.00 | 09/07/2021 |
| Generac Holdings Inc. GNRC, -4.16% | -4.2% | 95.2% | $425.34 | -8.9% | $466.92 | 09/10/2021 |
| Alphabet Inc. Class C GOOG, -3.76% | -3.8% | 61.5% | $2,723.68 | -7.2% | $2,936.41 | 09/01/2021 |
| Alphabet Inc. Class A GOOGL, -3.72% | -3.7% | 61.0% | $2,716.60 | -7.1% | $2,925.08 | 09/01/2021 |
| Waters Corp. WAT, -3.64% | -3.7% | 53.9% | $366.82 | -14.3% | $428.22 | 09/08/2021 |
| Source: FactSet | ||||||
Click the tickers for more about each company. Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the quote page.
