Friday, another round of jaw-dropping stock sell-offs after earnings announcements hit the tape, when Roku (ROKU) stock plunged 23% and DraftKings (DKNG) cratered 22% — the second-worst one-day performance for both stocks. Nightmare earnings reactions have been a theme this quarter, as investors seize on concerns over slowing growth prospects for companies over a wide range of industries.
Combined with an increasingly hawkish Federal Reserve and a potential land war in Europe, investors are facing a perfect storm of headwinds. Yet earnings is still the engine for appreciation of the U.S. equity capital markets. Yahoo Finance crunched the numbers — peering into the S&P 500 components as well as the top Yahoo Finance trending tickers over the last year — to find the biggest one-day performance meltdowns after earnings announcements. There was no shortage of candidates.
Topping the…
