One day after U.S. stocks got a reprieve as the Federal Reserve lifted its target range for short-term interest rates by 0.75 percentage point, inflation fears built a new wall of worry to send U.S. stocks plunging on June 16. The S&P 500
SPX
ended with a 3.3% decline after hitting a new 52-week intraday low, with 97% of its components down for the day. More than a third of the stocks slumped at 5%. The benchmark U.S. index has now fallen 23.1% for 2022.
Read: U.S. inflation expected to keep running hot: Traders see 4 straight months of roughly 9% or higher CPI readingsThe day’s worst performers These 16 stocks in the S&P 500 skidded at least 9% on June 16:
Company
Ticker
Industry
Price change – June 16
Price change – 2022
Decline from 52-week intraday high
Date of 52-week intraday high
Norwegian Cruise Line Holdings Ltd.
NCLH
Cruise Lines
-12%
-50%
-68%
06/17/2021
Royal Caribbean Group
RCL
Cruise Lines
-11%
-54%
-64%
11/08/2021
Carnival Corp.
CCL
Cruise Lines
-11%
-57%
-71%
06/17/2021
Penn National Gaming Inc.
PENN
Casinos/ Gaming
-11%
-48%
-69%
09/08/2021
Enphase Energy Inc.
ENPH
Semiconductors
-10%
-7%
-40%
11/22/2021
Generac Holdings Inc.
GNRC
Electrical Products
-10%
-36%
-57%
11/02/2021
Aptiv PLC
APTV
Auto Parts: OEM
-10%
-48%
-52%
11/04/2021
Etsy Inc.
ETSY
Internet Retail
-9%
-68%
-78%
11/26/2021
Ralph Lauren Corp. Class A
RL
Apparel/ Footwear Retail
-9%
-27%
-36%
02/22/2022
IPG Photonics Corp.
IPGP
Semiconductors
-9%
-51%
-62%
08/02/2021
Caesars Entertainment Inc.
CZR
Casinos/ Gaming
-9%
-60%
-69%
10/01/2021
Diamondback Energy Inc.
FANG
Oil & Gas Production
-9%
24%
-18%
06/08/2022
MGM Resorts International
MGM
Casinos/ Gaming
-9%
-39%
-46%
11/08/2021
American Airlines Group Inc.
AAL
Airlines
-9%
-32%
-47%
06/17/2021
Marathon Oil Corp.
MRO
Oil & Gas Production
-9%
56%
-23%
05/31/2022
Tesla Inc.
TSLA
Motor Vehicles
-9%
-40%
-49%
11/04/2021
Source: FactSet
Tesla
TSLA
made the list of the day’s worst-performing stocks, after the company raised prices for its electric vehicles. With so many double-digit losses on the list for 2022, many analysts wo …