The U.S. stock market staged a remarkable rally in 2023, but 173 stocks in the S&P 500 were still down for the year.
Here’s a roundup of how well the 11 sectors of the S&P 500 fared through 10 a.m. Eastern time on Friday:
Sector or index
2023 price change
2022 price change
Price change since end of 2021
Forward P/E
Forward P/E at end of 2022
Forward P/E at end of 2021
Information Technology
57.1%
-28.9%
11.5%
26.7
20.0
28.2
Communication Services
54.9%
-40.4%
-7.6%
17.4
14.3
21.0
Consumer Discretionary
42.1%
-37.6%
-11.4%
26.2
21.7
34.7
Industrials
16.2%
-7.1%
8.0%
20.0
18.7
22.0
Materials
10.4%
-14.1%
-4.9%
19.5
15.8
16.6
Financials
10.2%
-12.4%
-3.4%
14.6
13.0
16.3
Real Estate
9.0%
-28.4%
-21.6%
18.3
16.9
24.7
Healthcare
0.3%
-3.6%
-3.3%
18.2
17.7
17.3
Consumer Staples
-2.3%
-3.2%
-5.4%
19.3
20.6
21.4
Energy
-4.7%
59.0%
51.8%
10.9
9.8
11.1
Utilities
-10.4%
-1.4%
-11.4%
15.9
18.7
20.4
S&P 500
SPX
24.6%
-19.4%
0.4%
19.7
16.8
21.6
Dow Jones Industrial Average
DJIA
13.8%
-8.8%
3.8%
17.6
16.6
18.9
Nasdaq Composite Index
COMP
44.2%
-33.1%
-3.5%
26.9
22.6
32.0
Nasdaq-100 Index
NDX
54.6%
-33.0%
3.5%
26.3
20.9
30.3
Source: FactSet
All price changes in this article exclude dividends.
Also read: These 20 stocks soared the most in 2023
Because the 2023 rally followed a dismal 2022, the table includes price changes from the end of 2021, as well as forward price-to-earnings values based on current data and those at the end of 2022 and 2021.
Here are the 20 stocks in the S&P 500 whose prices have fallen the most in 2023:
Company
Ticker
2023 price change
2022 price change
Price change since end of 2021
Forward P/E
Forward P/E at end of 2022
Forward P/E at end of 2021
FMC Corp.
-49%
14%
-42%
14.1
14.9
14.2
Enphase Energy Inc.
-49%
45%
-26%
31.9
48.8
60.1
Dollar General Corp.
-45%
4%
-42%
18.3
20.2
21.2
Moderna Inc.
-44%
-29%
-61%
N/A
38.7
9.3
Pfizer Inc.
-44%
-13%
-51%
12.5
10.5
9.7
Estee Lauder Cos. Class A
-41%
-33%
-60%
45.6
39.8
46.4
Paycom Software Inc.
-33%
-25%
-50%
25.4
42.3
73.9
Albemarle Corp.
-33%
-7%
-38%
11.2
7.8
38.9
AES Corp.
-33%
18%
-20%
10.2
16.4
14.7
Etsy Inc.
-31%
-45%
-62%
31.3
44.9
64.0
VF Corp.
-31%
-62%
-74%
10.5
11.9
20.4
Illumina Inc.
-30%
-47%
-63%
152.3
66.0
90.2
Hormel Foods Corp.
-30%
-7%
-34%
20.3
23.9
24.6
Walgreens Boots Alliance Inc.
-30%
-28%
-50%
7.7
8.1
10.4
Bristol-Myers Squibb Co.
-29%
15%
-18%
7.1
9.0
7.9
NextEra Energy Inc.
-27%
-10%
-35%
17.9
27.0
34.0
Eversource Energy
-27%
-8%
-32%
13.6
19.2
22.1
Insulet Corp.
-26%
11%
-18%
87.4
260.4
194.9
Conagra Brands Inc.
-26%
13%
-16%
10.5
15.2
13.3
Devon Energy Corp.
-26%
40%
4%
7.6
7.0
8.4
Source: FactSet
Click on the tickers for more about each company.
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