The recent peak in the S&P 500 occurred just around the time that the public became aware that oil was gushing into the Gulf of Mexico after an oil well blowout took down the Deepwater Horizon drilling rig. The S&P 500 made its bull market closing high on Friday, April 23rd. The well blowout occurred on April 20th, but it wasn't until the weekend of the 24th and 25th that news of oil gushing from the damaged well really hit the wires. BP, the company held responsible for the spill, really began to tank the following Monday (the 26th), and it is now down 39.01% since its April 23rd close.
BP has basically lost 40% of its value since the disaster in the Gulf began, but there are 19 other companies in the S&P 1500 that have lost even more over this time period! And they're not all Energy companies either. Below is a list of the worst performing S&P 1500 stocks since the close on April 23rd, with BP included. No company really wants to be associated with BP at the moment, but in terms of stock performance the names below all find themselves in the same or even worse position.
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