The stock market is having one of the worst starts to a year ever
Three stocks in the S&P 500 have led the market’s declines this month, each falling more than 35% through Friday’s session: Moderna, Netflix and Etsy.amid growing research suggesting the firm’s booster shot is less effective against the rapidly spreading omicron variant.lacklusterOnline retailer Etsy—another pandemic-era favorite stock, which rose 324% in 2020—is down 35% this month as investors continue to rotate out of risky growth stocks and into safer value bets.
Other notable losers this month include semiconductor company Advanced Micro Devices , chipmaker Nvidia , Caesars Entertainment and Domino’s Pizza . The market selloff has been widespread, with everything from tech to energy stocks under pressure; Almost half of the stocks in the S&P 500 are now down more than 10% so far in 2022.A majority of the S&P 500’s top-performing stocks so far this year are oil and gas companies. Gains are led by the likes of Halliburton , Occidental Petroleum , Hess and Exxon Mobil .
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