MW These S&P 500 stocks are falling the hardest on Tuesday
By Philip van Doorn
Stocks of gold miners and computer-memory makers were hit especially hard, while Best Buy led the S&P 500 with a gain after its earnings report
Investors had a delayed reaction to the weekend attack on Iran by the U.S. and Israel, sending the S&P 500 down more than 2% early on Tuesday.
Investors on Tuesday had a sour reaction to the conflict between the U.S., Israel and Iran, sending stock indexes down sharply during the first few minutes of trading.
The Dow Jones Industrial Average DJIA was down 1,117 points (or 2.3%) in early trading to 47,787.55, while the S&P 500 SPX was down 2.1% and the Nasdaq Composite Index $(COMP)$ was down 2.3%.
MarketWatch Live: Stock Market Today: Dow drops over 1,000 points, S&P 500 and Nasdaq are both down 2% as investors digest spreading Middle East war; Treasury yields rise as oil price surges
Gold (GC00) was down 4.7% to $5,068.60 an ounce, based on Continuous front-month contracts on the New York Mercantile Exchange.
Read: What 28 years of hot inflation say about gold's ability to be a hedge
Front-month contracts for West Texas Crude Oil (CL00) were up 7.6% to $76.64 a barrel.
More: Oil prices surge to highest in a year as fears of Middle East supply crunch grow
Among the components of the S&P 500, 95% of stocks were down in early trading, with 67 down at least 4.0%.
Here are the 20 components of the S&P 500 that were down the most early in the trading session:
Company Intraday price change on March 3 Price change since Feb. 27 Year-to-date price changeIndustry Albemarle -10.0% -10.2% 13.4%Specialty chemicals Freeport-McMoRan -8.9% -8.7% 22.4%Specialty mining & metals Newmont -8.9% -9.8% 17.5%gold Western Digital -8.3% -11.5% 43.7%Computer hardware NRG Energy -8.1% -9.8% 1.4%Electric utilities Blackstone -8.0% -6.4% -31.2%Investment management & fund operators Corning -7.3% -2.7% 67.2%Electronic equipment & parts Micron Technology -7.3% -7.2% 34.1%Semiconductors Sandisk -7.1% -9.5% 142.2%Computer hardware Teradyne -7.0% -5.4% 56.5%Semiconductor equipment & testing Vistra -7.0% -11.3% -4.3%Electric utilities Intel -6.5% -6.8% 15.2%Semiconductors Norwegian Cruise Line Holdings -6.4% -16.3% -7.0%Hotels, motels & Cruise lines Ciena -6.4% -5.1% 41.6%Communications & networking Seagate Technology Holdings -6.3% -12.8% 29.2%Computer hardware Apollo Global Management -5.8% -4.2% -30.7%Pension funds GE Vernova -5.7% -4.9% 27.1%Electric utilities Ares Management -5.7% -4.6% -33.9%Investment management & fund operators Steel Dynamics -5.7% -1.6% 12.2%Iron & steel Viatris -5.4% -0.5% 19.3%Pharmaceuticals Source: LSEG
The small number of stocks in the S&P 500 showing gains early on Tuesday was led by Best Buy $(BBY)$, which was up 6% after the electronics retailer reported mixed quarterly results.
Click on the tickers for more about each company.
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-Philip van Doorn
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March 03, 2026 10:41 ET (15:41 GMT)
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