Facebook wasn’t Thursday’s only big loser — these 16 other Nasdaq-100 stocks dropped at least 5%

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Thursday was brutal for technology stock investors, as the carnage spread far beyond the parent company of Facebook.

Below is a list of the worst 20 performers among the Nasdaq-100 on Feb. 3., led by a 26% plunge in Meta Platforms Inc.
FB,
-26.39%

following a disappointing fourth-quarter earnings announcement.

Read: Facebook owner Meta loses record $232 billion in market value after ‘saying the quiet part out loud’

Here’s how the broad indexes performed on Feb. 3:

  • The Dow Jones Industrial Average
    DJIA,
    -1.45%

    fared best, declining 518 points, or 1.5%, to close at 35,111.16. Despite all the fear in the market as investors look ahead to an expected cycle of interest-rate increases by the Federal Reserve, the Dow has pulled back only 3.4% during 2022 and only 5% from its all-time intraday high set on Jan. 5.

  • The S&P 500
    SPX,
    -2.44%

    pulled back 2.4% for the session. The benchmark index is now down 6.1% for 2022 and down 7.1% from its high set on Jan. 4.

  • The Nasdaq Composite Index
    COMP,
    -3.74%

    dropped 3.7% and is now down 11.3% for 2022 and 14.4% from its intraday high set on Nov. 22. The index is in correction territory, having fallen more than 10%.

  • The Nasdaq-100 Index
    NDX,
    -4.22%
    ,
    made up of the largest nonfinancial companies in the full Nasdaq and tracked by the Invesco QQQ Trust
    QQQ,
    -4.05%
    ,
    sank 4.2%. It is also in the midst of a correction, declining 11.1% this year and 13.5% from its intraday high, also set on Nov 22.

Meta tops the Nasdaq-100 loser list

Here are the 20 worst performers among the Nasdaq-100 on Feb. 3:

Company

Ticker

Price change – Feb. 3

Price change – 2022

Decline from 52-week high

Date of 52-week high

Meta Platforms Inc. Class A

FB,
-26.39%
-26.4%

-29.4%

-38.2%

09/01/2021

Amazon.com Inc.

AMZN,
-7.81%
-7.8%

-16.7%

-26.4%

07/13/2021

MercadoLibre Inc.

MELI,
-7.65%
-7.7%

-25.9%

-50.2%

02/16/2021

Honeywell International Inc.

HON,
-7.62%
-7.6%

-8.0%

-19.0%

08/02/2021

Marvell Technology Inc.

MRVL,
-7.36%
-7.4%

-21.6%

-26.9%

12/08/2021

Zoom Video Communications Inc. Class A

ZM,
-6.87%
-6.9%

-25.0%

-69.5%

02/16/2021

Skyworks Solutions Inc.

SWKS,
-6.69%
-6.7%

-10.7%

-32.1%

04/29/2021

Texas Instruments Inc.

TXN,
-6.52%
-6.5%

-6.8%

-13.2%

10/25/2021

PayPal Holdings Inc.

PYPL,
-6.24%
-6.2%

-34.1%

-59.9%

07/26/2021

Microchip Technology Inc.

MCHP,
-6.16%
-6.1%

-14.8%

-17.6%

12/28/2021

DocuSign Inc.

DOCU,
-6.03%
-6.0%

-25.0%

-63.7%

08/10/2021

NXP Semiconductors NV

NXPI,
-5.71%
-5.7%

-12.9%

-17.3%

12/07/2021

Netflix Inc.

NFLX,
-5.56%
-5.6%

-32.7%

-42.1%

11/17/2021

KLA Corp.

KLAC,
-5.51%
-5.4%

-13.0%

-18.2%

01/13/2022

Lululemon Athletica Inc.

LULU,
-5.40%
-5.4%

-15.6%

-32.0%

11/16/2021

Nvidia Corp.

NVDA,
-5.13%
-5.1%

-18.6%

-30.9%

11/22/2021

Match Group Inc.

MTCH,
-5.11%
-5.1%

-15.3%

-38.5%

10/21/2021

Splunk Inc.

SPLK,
-4.85%
-4.9%

-0.7%

-35.5%

02/02/2021

Zscaler Inc.

ZS,
-4.85%
-4.8%

-23.7%

-34.9%

11/19/2021

Qualcomm Inc.

QCOM,
-4.84%
-4.8%

-2.1%

-7.5%

01/05/2022

Source: FactSet

You can click the tickers for more about each company, including the latest news.

Then read Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

A lesson about tech-stock concentration

In this week’s ETF wrap, Mark DeCambre highlights the risks of exchange-traded funds that are heavily concentrated in a small number of stocks.

More coverage of the disappointing fourth quarter for Meta Platforms and Facebook

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And what may be a silver lining:

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