These were the 10 worst performing stocks in the S&P 500 in its worst half since 1970

Matthew FoxJul 1, 2022, 20:20 IST

Business Insider

Traders work on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020.Lucas Jackson/Reuters

The S&P 500 suffered its worst half since 1970 after inflation and recession concerns sparked a 20% sell-off.
The decline has led to big losses for high-profile stocks across various sectors and industries.
These were the 10 worst performing stocks in the S&P 500 during the first half of the year.

The first half of 2022 was brutal for investors, with the S&P 500 falling more than 20% and notching its worst performance since 1970.

Concerns about high inflation, aggressive rate hikes by the Federal Reserve, and the potential for an economic recession jolted investor sentiment and led to reduced valuations for fast-growing tech stocks that dominated the market over the past two years.

While energy stocks dominated the best performing stocks so far this year, technology and consumer discretionary stocks were on the other end of the spectrum. And the trends already in place could continue throughout the rest of the year as oil prices remain elevated and investors wonder if technology stocks still have the earnings power they had just a few months ago as consumer sentiment weakens.

These were the 10 worst performing stocks in the S&P 500 during the first half of the year, according to data from Koyfin.

10. Royal Caribbean Cruises