Total fail! 4 Dow stocks are the worst
Stocks are plunging again. It's the worst start to a year for the Dow ever. Here are the stocks you can blame.
There are Dow four stocks, including chemical firm du Pont de Nemours (DD), networking equipment company Cisco Systems (CSCO), bank JP Morgan Chase (JPM) and aerospace company Boeing (BA) that are down a crushing 15% or more this year so far at the Wednesday's cose. This makes these the worst performing stocks so far this year in the Dow.
Standing out amid a bad year is an impressive feat. The Dow is down more than 9.5% this year already - which has wiped out $380 billion in value in among just these 30 stocks, says Howard Silverblatt of S&P Dow Jones Indices. The Dow closed down 249 points to 15,767 Wednesday - after dropping as much as 565 points earlier in the day.
WORST DOW STOCKS THIS YEAR BASED ON % CH.
Company, Symbol, YTD % Ch.
E.I. du Pont de Nemours, DD, -20.7%
JPMorgan Chase, JPM, -15.9%
Cisco Systems, CSCO, CSCO, -15.7%
Boeing, BA, -15.5%
Source: S&P Capital IQ, Paste BN
Of course, the Dow gives greater weight to stocks with the highest per-share values. For that reason, the stocks that have destroyed the most Dow points this year are a bit different than those with the biggest percentage drops. Goldman Sachs (GS) is the worst Dow citizen looking at it in terms of Dow points destroyed.
WORST DOW STOCKS THIS YEAR BASED ON DOW POINTS
Company, Symbol, Dow points down this year
Goldman Sachs, GS, -181
Boeing, BA, -154
Home Depot, HD, -108
International Business Machines, IBM, -108
.I. du Pont de Nemours, DD, -95
Source: S&P Capital IQ, Paste BN
Matt Krantz on Twitter: @mattkrantz.