Large-cap stocks tied to housing, nuclear energy, crypto mining and global commodities led Wall Street’s biggest declines last week as investors reacted to earnings volatility, macro uncertainty and sector-specific pressure.
Rising Treasury yields, Middle East conflict concerns, weaker crypto sentiment and cautious outlooks weighed on several momentum-driven names despite some companies posting strong quarterly results.
These ten large-cap stocks were the worst performers last week. Are they a part of your portfolio?
Ubiquiti Inc. (NYSE:UI) slumped 14.62% this week after the company reported worse-than-expected third-quarter financial results.
JBS N.V. (NYSE:JBS) fell 17.05% this week after the company reported mixed first-quarter financial results. Also, Barclays lowered its price forecast on the stock from $23 to $21.
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