Ten Large-Cap Stocks Posted Largest Declines May 18-22
Technology, electric vehicle and healthcare shares fell as companies reported results below estimates and investors responded to higher bond yields. Intuit and NIO recorded the steepest drops among the group.
valuewalk.comTen large-cap stocks recorded the largest percentage losses for the week of May 18-22. Shares tied to software, electric vehicles, data centers and healthcare declined after investors reacted to earnings guidance, regulatory developments and rising bond yields.
Weekly Declines Intuit Inc. (NASDAQ: INTU) fell 18.28 percent.
The company reported third-quarter results and issued fourth-quarter GAAP EPS and full-year 2026 GAAP EPS guidance below analyst estimates. Intuit also reduced its full-time workforce by 17 percent. NIO Inc. (NYSE: NIO) posted the second-largest decline among the ten stocks. The electric-vehicle maker was included in the list of worst performers compiled by Benzinga.
Reddit and additional large-cap names in software, data centers and healthcare also finished lower for the week. Benzinga reported that technology and China-linked companies led the declines amid cautious sentiment on funding conditions and growth expectations.
Key Facts
Potential Impact
- 01
Intuit shares closed lower after the earnings release and workforce reduction.
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NIO shares finished among the ten largest percentage decliners for the week.
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