(This story has been updated with closing stock market prices.)
Following a week of losses, investors were faced Monday with a heavy sell-off of U.S. stocks.
Following President Trump’s decision to increase tariffs to 25% from 10% on $200 billion in annual imports from China, which went into effect Friday, China said it would set 25% tariffs on $60 billion in annual imports from the U.S. on June 1.
More trade coverage:
• China media says ‘fierce U.S. offensive’ over trade won’t work
• Trump says China is making a losing bet that he’ll be beaten in 2020
• Trump’s tariff war with China will hit TVs, dishwashers, toys, lithium batteries, iPhones
The Dow Jones Industrial Average DJIA, -2.38% fell 617 points (2.4%) to close at 25,324.99. The S&P 500 Index SPX, -2.41% was also down 2.4%, while the Nasdaq Composite Index COMP, -3.41% plunged 3.4%.
Apple AAPL, -5.81% led the Dow Jones Industrial Average lower Monday, with a decline of 5.8%. The iPhone maker had reported a 22% decline in sales in China for the quarter ended March 30 from a year earlier. More recently, the U.S. Supreme Court ruled that consumers can proceed with an antitrust lawsuit against the tech-giant’s marketplace for iPhone apps.
All components of the Dow 30 were down for the day except for Procter & Gamble PG, +0.09% :
| Company | Ticker | Price change - May 13 | Price change - 2019 | Decline from 52-week high |
| Apple Inc. | AAPL, -5.81% | -5.8% | 17.7% | -20.5% |
| Boeing Co. | BA, -4.88% | -4.9% | 4.6% | -24.4% |
| Caterpillar Inc. | CAT, -4.60% | -4.6% | -1.4% | -22.5% |
| DowDuPont Inc. | DWDP, -3.94% | -3.9% | -15.9% | -37.5% |
| Cisco Systems Inc. | CSCO, -3.86% | -3.9% | 18.4% | -10.8% |
| United Technologies Corp. | UTX, -3.80% | -3.8% | 23.9% | -8.6% |
| Goldman Sachs Group Inc. | GS, -3.50% | -3.5% | 16.7% | -20.7% |
| Intel Corp. | INTC, -3.12% | -3.1% | -4.6% | -24.9% |
| Microsoft Corp. | MSFT, -2.97% | -3.0% | 21.4% | -6.1% |
| International Business Machines Corp. | IBM, -2.88% | -2.9% | 15.6% | -14.9% |
| JPMorgan Chase & Co. | JPM, -2.72% | -2.7% | 12.1% | -8.2% |
| Walgreens Boots Alliance Inc. | WBA, -2.43% | -2.4% | -23.7% | -39.6% |
| Home Depot Inc. | HD, -2.18% | -2.2% | 10.8% | -11.6% |
| American Express Co. | AXP, -2.16% | -2.2% | 21.6% | -3.1% |
| Visa Inc. Class A | V, -2.10% | -2.1% | 19.2% | -5.1% |
| Walt Disney Co. | DIS, -2.01% | -2.0% | 19.8% | -7.7% |
| Walmart Inc. | WMT, -1.98% | -2.0% | 7.2% | -6.0% |
| Nike Inc. Class B | NKE, -1.69% | -1.7% | 11.3% | -8.3% |
| Johnson & Johnson | JNJ, -1.33% | -1.3% | 6.3% | -7.9% |
| Merck & Co. Inc. | MRK, -1.30% | -1.3% | 1.0% | -8.0% |
| Chevron Corp. | CVX, -1.27% | -1.3% | 10.7% | -8.1% |
| Exxon Mobil Corp. | XOM, -1.11% | -1.1% | 11.0% | -13.3% |
| 3M Co. | MMM, -1.02% | -1.0% | -8.6% | -20.8% |
| McDonald's Corp. | MCD, -0.48% | -0.5% | 12.1% | -0.7% |
| UnitedHealth Group Inc. | UNH, -0.43% | -0.4% | -3.8% | -16.8% |
| Travelers Companies Inc. | TRV, -0.38% | -0.4% | 19.8% | -0.6% |
| Pfizer Inc. | PFE, -0.37% | -0.4% | -7.1% | -12.7% |
| Coca-Cola Co. | KO, -0.29% | -0.3% | 1.5% | -5.5% |
| Verizon Communications Inc. | VZ, -0.28% | -0.3% | 0.9% | -7.8% |
| Procter & Gamble Co. | PG, +0.09% | 0.1% | 15.4% | -1.0% |
| Source: FactSet | ||||
You can click the tickers for more coverage of each company, including news, price ratios, ratings and financials.
Among the S&P 500, 90% of stocks were down. The best performer, Newmont Goldcorp NEM, +2.52% was up 2.5%. Here are Monday’s 10 worst performers in the S&P 500:
| Company | Ticker | Price change - May 13 | Price change - 2019 | Decline from 52-week high |
| Mylan N.V. | MYL, -9.43% | -9.4% | -26.7% | -52.8% |
| Arista Networks Inc. | ANET, -7.69% | -7.7% | 15.8% | -26.4% |
| IPG Photonics Corp. | IPGP, -7.34% | -7.3% | 25.7% | -45.6% |
| Skyworks Solutions Inc. | SWKS, -7.18% | -7.2% | 14.3% | -26.5% |
| Invesco Ltd. | IVZ, -7.12% | -7.1% | 18.4% | -31.6% |
| Seagate Technology PLC | STX, -7.09% | -7.1% | 14.1% | -26.6% |
| Tiffany & Co. | TIF, -6.84% | -6.8% | 21.3% | -31.0% |
| Gap Inc. | GPS, -6.65% | -6.7% | -11.7% | -33.5% |
| SVB Financial Group | SIVB, -6.38% | -6.4% | 22.2% | -30.5% |
| Microchip Technology Inc. | MCHP, -6.31% | -6.3% | 16.3% | -19.8% |
| Source: FactSet | ||||
Here are the worst 10 performers in the Nasdaq-100 NDX, -3.46% for the day:
| Company | Ticker | Price change - May 13 | Price change - 2019 | Decline from 52-week high |
| Mylan N.V. | MYL, -9.43% | -9.4% | -26.7% | -52.8% |
| Skyworks Solutions Inc. | SWKS, -7.18% | -7.2% | 14.3% | -26.5% |
| NXP Semiconductors NV | NXPI, -7.04% | -7.0% | 27.1% | -23.8% |
| Microchip Technology Inc. | MCHP, -6.31% | -6.3% | 16.3% | -19.8% |
| Western Digital Corp. | WDC, -6.26% | -6.3% | 16.3% | -51.5% |
| Maxim Integrated Products Inc. | MXIM, -6.21% | -6.2% | 5.1% | -16.1% |
| Wynn Resorts Ltd. | WYNN, -6.17% | -6.2% | 23.2% | -39.8% |
| Advanced Micro Devices Inc. | AMD, -6.15% | -6.2% | 42.1% | -23.1% |
| Nvidia Corp. | NVDA, -6.14% | -6.1% | 18.7% | -45.9% |
| Incyte Corp. | INCY, -6.11% | -6.1% | 19.1% | -14.7% |
| Source: FactSet | ||||
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