Deep Dive: These high-flying stocks of 2021 dropped the most on Tuesday

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,
1.501%

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.

Don’t miss: Only 47 stocks in the S&P 500 have fallen over the past year — Wall Street predicts they will climb up to 54% in 12 months

This post was originally published on Market Watch

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