Nearly half of the S&P 500 is in a bear market
Published: Jan 12, 2016 4:11 p.m. ET
S&P 500 flips in and out of 10% correction territory
 Everett Collection
By
WALLACEWITKOWSKI
REPORTER
After the S&P 500 flirted with falling into a correction — defined a 10% drop from a recent high — nearly half the stocks on the index have losses that are double that, putting them firmly entrenched in bear-market territory.
At the end of Tuesday trading, 237 of the S&P 500 Index’s SPX, +0.78% components were down 20% or more from their 52-week highs. Meanwhile, the index as a whole slipped in and out of correction territory. The index touched an intraday low of 1,915.45, with 1,921.24 marking that 10% threshold, but closed up Tuesday at 1,938.68.
The last time the S&P 500 closed with a 10% correction was Sept. 4.
Underscoring the breadth of the market’s recent losses, only one of five S&P 500 stocks isn’t in correction territory.
Here’s a breakdown of how some of the heaviest-weighted stocks have performed:
The megacap bears:| Company/ticker | Market cap (in billions) | % off 52- week high | | Apple Inc. AAPL, -0.26% | $546 | 26% | | ExxonMobil Corp. XOM, +2.05% | $307 | 20% | | Wal-Mart Stores Inc. WMT, -0.93% | $206 | 30% | | Chevron Corp. CVX, +1.71% | $152 | 28% | | Oracle Corp. ORCL, +1.23% | $147 | 22% | | Citigroup Inc. C, +0.06% | $140 | 23% | | Gilead Sciences Inc. GILD, +0.62% | $139 | 21% | | International Business Machines Corp. IBM, -0.25% | $129 | 25% | | AbbVie Inc. ABBV, +1.78% | $88 | 23% | | Kraft Heinz Co. KHC, +1.33% | $88 | 20% |
The best-performing megacaps| Company/ticker | Market cap (in billions) | % off 52- week high | | Alphabet Inc. GOOG, +1.40% | $498 | 7% | | Microsoft Corp. MSFT, +0.92% | $418 | 7% | | General Electric Co. GE, -0.24% | $289 | 9% | | Johnson Johnson Inc. JNJ, +0.69% | $270 | 8% | | AT&T Inc. T, -0.15% | 209 | 7% | | Coca-Cola Co. KO, +1.30% | $181 | 4% | | Visa Inc. V, +1.14% | $179 | 8% | | Home Depot Inc. HD, +1.36% | $159 | 6% | | PepsiCo PEP, +0.18% | $142 | 6% | | Philip Morris International Inc. PM, -0.09% | $138 | 1% | | Altria Group Inc. MO, -0.13% | $117 | 4% |
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