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

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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 sectorPrice change – OctoberPrice 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 Services0.5%8.2%
Utilities5.0%-3.5%
Source: FactSet
Dow

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

CompanyTickerPrice change – OctoberPrice change – 2020Decline from all-time intraday highDate 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 AV, -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 & JohnsonJNJ, -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 BNKE, -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:

CompanyTickerPrice change – OctoberPrice change – 2020Decline from all-time intraday highDate 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% :

CompanyTickerPrice change – OctoberPrice change – 2020Decline from all-time intraday highDate 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

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