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

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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,
1.500%

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

Market Snapshot: Stock futures rebound after S&P 500’s worst day in four months

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