Top 10 Large-Cap Stocks Suffer Losses Amid Market Pressures (May 18-22)
NIO, Intuit, And Reddit Are Among Top 10 Large-Cap Losers Last Week (May 18-May 22): Are The Others In Your Portfolio?

Image: Benzinga
Last week, several large-cap stocks, particularly in technology and healthcare, faced significant declines due to weak guidance and regulatory concerns. Notable losers included Intuit Inc., which dropped 18.28%, and NIO Inc., down 12.58%, as investors reacted to earnings reports and rising bond yields.
- 01Intuit Inc. (NASDAQ:INTU) fell 18.28% following weak third-quarter results and reduced workforce by 17%.
- 02NIO Inc. (NYSE:NIO) decreased 12.58% amid negative sentiment for U.S.-listed Chinese companies after regulatory announcements.
- 03Li Auto Inc. (NASDAQ:LI) and Sterling Infrastructure, Inc. (NASDAQ:STRL) also faced declines of 5.49% and 7.98%, respectively.
- 04Pershing Square Inc. (NYSE:PS) saw a significant drop of 13.9% due to market volatility.
- 05Reddit, Inc. (NYSE:RDDT) slid 10.87% after reports of Facebook launching a competing app.
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During the week of May 18-22, large-cap stocks, particularly in the technology and healthcare sectors, experienced notable declines as investors reacted to a confluence of factors including weak earnings guidance, regulatory concerns, and rising bond yields. Intuit Inc. (NASDAQ:INTU) led the losses, plummeting 18.28% after it reported disappointing third-quarter financial results and announced a 17% reduction in its workforce. NIO Inc. (NYSE:NIO) followed closely, decreasing 12.58% amid negative sentiment surrounding U.S.-listed Chinese companies, particularly after the China Securities Regulatory Commission's announcement to crack down on illegal cross-border securities trading. Other significant losers included Pershing Square Inc. (NYSE:PS), which dropped 13.9%, and Tenet Healthcare Corporation (NYSE:THC), down 12.46%. The overall market sentiment was further dampened by increasing bond yields, which negatively impacted data center-related companies and their funding outlook. As investors reassess their portfolios, these declines raise questions about the future performance of these large-cap stocks.
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The decline in these large-cap stocks may affect investors' portfolios and market sentiment, particularly in the technology and healthcare sectors.
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