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On the worst day for oil prices in more than five years, the broad U.S. stock indexes took another beating on Friday.
• The Dow Jones Industrial Average DJIA, -0.98% was down 256.5 points, or 1%, to close at 25,864.78.
• The S&P 500 index SPX, -1.70% fared considerably worse, with a 1.7% decline on Friday. The benchmark index ended 12.2% below its last closing record set on Feb. 19.
• The Nasdaq Composite Index COMP, -1.86% fell 1.9%.
West Texas Intermediate crude oil for April delivery CLJ20, -9.43% plunged 10.2% to settle at $41.28 a barrel — the biggest one-day decline for the most active contract since Nov. 28, 2014. The S&P 500 energy sector fell 5.6% and its worst performers are listed below.
That action followed a failure by OPEC and Russia to come to an agreement on oil-production cuts in the wake of greatly reduced global demand as the coronavirus continued to spread.
A flight to safety was underlined by very strong demand for U.S. Treasury paper. The yield on 10-year Treasury TMUBMUSD10Y, 0.767% notes plunged as low as 0.66% early Friday before moving up to 0.75% at 4 p.m. ET. That was down from 0.92% Thursday, 1.13% a week earlier and 1.92% at the end of 2019.
S&P 500
Friday’s worst 15 performers among the S&P 500 included 14 energy stocks:
| Company | Industry | Ticker | Price change – March 6, 2020 | Price change since Feb. 19 | Decline from 52-week high | Price change – 2020 | Price change – 2019 |
| Diamondback Energy Inc. | Oil & Gas Production | FANG, -16.57% | -16.6% | -38.8% | -57.5% | -47.7% | 0.2% |
| Devon Energy Corp. | Oil & Gas Production | DVN, -16.17% | -16.2% | -41.2% | -62.2% | -48.5% | 15.2% |
| Cimarex Energy Co. | Oil & Gas Production | XEC, -15.40% | -15.4% | -40.0% | -67.7% | -53.5% | -14.9% |
| Apache Corp. | Integrated Oil | APA, -14.95% | -15.0% | -27.3% | -45.7% | -19.1% | -2.5% |
| Occidental Petroleum Corp. | Oil & Gas Production | OXY, -14.67% | -14.7% | -36.8% | -61.0% | -34.8% | -32.9% |
| National Oilwell Varco Inc. | Oilfield Services/Equipment | NOV, -13.22% | -13.2% | -32.9% | -46.6% | -37.4% | -2.5% |
| Helmerich & Payne Inc. | Contract Drilling | HP, -13.15% | -13.2% | -39.3% | -57.4% | -39.3% | -5.2% |
| Marathon Oil Corp. | Oil & Gas Production | MRO, -12.43% | -12.5% | -34.8% | -63.9% | -49.7% | -5.3% |
| Mosaic Co. | Chemicals: Agricultural | MOS, -11.67% | -11.7% | -22.4% | -53.6% | -34.0% | -25.9% |
| Pioneer Natural Resources Co. | Oil & Gas Production | PXD, -11.37% | -11.4% | -25.6% | -41.0% | -30.6% | 15.1% |
| Halliburton Co. | Oilfield Services/Equipment | HAL, -11.33% | -11.3% | -41.3% | -59.5% | -46.6% | -7.9% |
| Oneok Inc. | Oil & Gas Pipelines | OKE, -10.89% | -10.9% | -20.2% | -22.0% | -19.1% | 40.3% |
| Concho Resources Inc. | Oil & Gas Production | CXO, -10.74% | -10.7% | -29.7% | -53.4% | -33.8% | -14.8% |
| EOG Resources Inc. | Oil & Gas Production | EOG, -10.61% | -10.6% | -28.5% | -48.8% | -34.0% | -4.0% |
| Noble Energy Inc. | Oil & Gas Production | NBL, -9.93% | -9.9% | -29.6% | -53.1% | -46.4% | 32.4% |
| Source: FactSet | |||||||
You can click the tickers for more about each company.
Dow 30
Here’s how the 30 components of the Dow Jones Industrial Average fared:
| Company | Ticker | Price change – March 6, 2020 | Price change since Feb. 19 | Decline from 52-week high | Price change – 2020 | Price change – 2019 |
| JPMorgan Chase & Co. | JPM, -5.16% | -5.2% | -21.4% | -23.4% | -22.5% | 42.8% |
| Exxon Mobil Corp. | XOM, -4.82% | -4.8% | -21.0% | -42.9% | -31.7% | 2.3% |
| Goldman Sachs Group Inc. | GS, -2.98% | -3.0% | -18.7% | -23.0% | -16.1% | 37.6% |
| Microsoft Corp. | MSFT, -2.82% | -2.8% | -13.7% | -15.3% | 2.5% | 55.3% |
| Dow Inc. | DOW, -2.81% | -2.8% | -18.1% | -35.6% | -28.8% | #N/A |
| Home Depot Inc. | HD, -2.68% | -2.7% | -6.2% | -7.6% | 4.6% | 27.1% |
| Coca-Cola Co. | KO, -2.60% | -2.6% | -7.5% | -8.1% | -0.2% | 16.9% |
| Travelers Companies Inc. | TRV, -2.48% | -2.5% | -7.2% | -19.5% | -8.8% | 14.4% |
| Nike Inc. Class B | NKE, -2.45% | -2.5% | -13.8% | -16.3% | -12.8% | 36.6% |
| American Express Co. | AXP, -2.43% | -2.4% | -21.0% | -21.6% | -13.1% | 30.6% |
| Intel Corp. | INTC, -2.08% | -2.1% | -16.9% | -19.5% | -6.8% | 27.5% |
| Chevron Corp. | CVX, -1.92% | -1.9% | -13.9% | -25.1% | -20.9% | 10.8% |
| International Business Machines Corp. | IBM, -1.40% | -1.4% | -15.3% | -19.5% | -4.7% | 17.9% |
| Visa Inc. Class A | V, -1.39% | -1.4% | -13.6% | -13.9% | -1.9% | 42.4% |
| Apple Inc. | AAPL, -1.32% | -1.4% | -10.7% | -11.9% | -1.6% | 86.2% |
| Pfizer Inc. | PFE, -1.24% | -1.2% | -3.3% | -21.4% | -10.6% | -10.2% |
| Verizon Communications Inc. | VZ, -0.50% | -0.5% | -2.3% | -8.6% | -7.4% | 9.2% |
| Caterpillar Inc. | CAT, -0.45% | -0.5% | -11.3% | -19.4% | -17.8% | 16.2% |
| Johnson & Johnson | JNJ, +0.01% | 0.0% | -4.6% | -8.1% | -2.6% | 13.0% |
| Procter & Gamble Co. | PG, +0.02% | 0.0% | -3.0% | -5.0% | -2.6% | 35.9% |
| United Technologies Corp. | UTX, +0.03% | 0.0% | -16.1% | -20.2% | -15.5% | 40.6% |
| Cisco Systems Inc. | CSCO, +0.27% | 0.2% | -14.4% | -32.0% | -17.3% | 10.7% |
| McDonald’s Corp. | MCD, +0.27% | 0.3% | -7.8% | -10.4% | 0.6% | 11.3% |
| UnitedHealth Group Inc. | UNH, +0.32% | 0.3% | -7.0% | -7.4% | -3.4% | 18.0% |
| Boeing Co. | BA, +0.75% | 0.8% | -22.5% | -39.5% | -19.5% | 1.0% |
| Merck & Co. Inc. | MRK, +0.76% | 0.8% | 0.2% | -11.3% | -9.6% | 19.0% |
| Walmart Inc. | WMT, +1.13% | 1.1% | -0.4% | -6.5% | -1.4% | 27.6% |
| Walt Disney Co. | DIS, +1.13% | 1.1% | -18.4% | -24.9% | -20.3% | 31.9% |
| 3M Co. | MMM, +1.47% | 1.5% | -3.6% | -30.1% | -12.9% | -7.4% |
| Walgreens Boots Alliance Inc. | WBA, +3.54% | 3.5% | -3.0% | -22.4% | -14.3% | -13.7% |
| Source: FactSet | ||||||
Nasdaq
Here are the day’s worst 10 performers among components of the Nasdaq-100 Index NDX, -1.63% :
| Company | Ticker | Price change – March 6, 2020 | Price change since Feb. 19 | Decline from 52-week high | Price change – 2020 | Price change – 2019 |
| Autodesk Inc. | ADSK, -5.77% | -5.8% | -12.7% | -18.0% | -5.5% | 42.6% |
| JD.com Inc. Sponsored ADR Class A | JD, -5.51% | -5.5% | 3.9% | -7.0% | 19.7% | 68.3% |
| Western Digital Corp. | WDC, -5.16% | -5.2% | -17.0% | -24.0% | -13.8% | 71.7% |
| Cadence Design Systems Inc. | CDNS, -4.58% | -4.6% | -15.2% | -19.5% | -6.7% | 59.5% |
| Micron Technology Inc. | MU, -4.18% | -4.2% | -10.5% | -15.9% | -4.3% | 69.5% |
| ANSYS Inc. | ANSS, -4.14% | -4.1% | -16.2% | -20.5% | -7.6% | 80.1% |
| Adobe Inc. | ADBE, -4.06% | -4.1% | -8.4% | -12.9% | 2.1% | 45.8% |
| Workday Inc. Class A | WDAY, -4.01% | -4.0% | -16.3% | -30.0% | -3.5% | 3.0% |
| Copart Inc. | CPRT, -3.98% | -4.0% | -20.1% | -23.5% | -11.8% | 90.3% |
| Intuit Inc. | INTU, -3.83% | -3.8% | -6.0% | -10.0% | 5.4% | 33.1% |
| Source: FactSet | ||||||
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