10 Firms Mirror Wall Street Bloodbath

Wall Street kicked off the trading week on a sour note anew as investors continued to digest the impact of President Donald Trump’s tariff policies and his criticism of the Federal Reserve.

The tech-heavy Nasdaq fell the most among the major indices, down 2.55 percent, followed by the Dow Jones at 2.48 percent, and the S&P 500 at 2.36 percent.

Ten companies mirrored the market bloodbath, booking significant losses during the day. In this article, we have listed the 10 worst-performing companies on Monday and detailed the reasons behind their declines.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

Stock market charts. Photo by Kaboompics.com on Pexels

10. Oklo Inc. (NYSE:OKLO)

Shares of Oklo tumbled by 7.23 percent on Monday to close at $20.39 apiece as investors sold off positions while digesting news that the Department of Energy (DOE) is looking to slash its budget for clean energy projects by $10 billion.

The news weighed down on investor sentiment on fears that the budget reduction, as triggered by Elon Musk’s Department of Government Efficiency, could result in lower government contracts and programs for clean energy, as well as job losses.

Although a clean energy company with zero carbon emissions, OKLO stands out as one of the firms fueling artificial intelligence through partnering with data centers for energy supply.

Nuclear projects in general are among President Donald Trump’s preferred energy solutions for their promising capability to power AI and the US manufacturing sector.

Just recently, OKLO sealed a deal with RPower to deploy a phased power model for data centers. The model combines immediate energy deployment using RPower natural gas generators with a transition path to clean, reliable energy from Oklo’s Aurora powerhouses, eliminating reliance on diesel generators and supporting scalable, sustainable operations.

9. Vertiv Holdings Co. (NYSE:VRT)

Vertiv Holdings declined by 7.70 percent on Monday to end at $67.57 apiece as investors repositioned their portfolios ahead of the release of its first quarter earnings results.

VRT is scheduled to announce its performance for the last three months before the market opens on Wednesday, April 23, where investors will be closely watching out for its outlook for the year, given the ongoing market uncertainties, and whether it will beat or miss earnings estimates.

VRT is a multinational company providing critical infrastructure projects for data centers and communication networks, among others.

In the fourth quarter of 2024, VRT registered a 36.8 percent drop in net income at $147 million from the $232.6 million registered in the same period a year earlier, despite net sales jumping by 25.78 percent to $2.3 billion from $1.86 billion year-on-year.

Net income for the full year of 2024 also rose by 7.7 percent to $495.8 million from $460.2 million, while net sales increased by 16.7 percent to $8 billion from $6.86 billion in 2023.