10 Stocks Drop Double Digits as Investor Caution Lingers

The stock market fell into the negative territory on Thursday, as investor caution lingered over the ongoing trade tensions among some of the world’s largest economies.

The tech-heavy Nasdaq posted the largest loss, down 2.61 percent, followed by the S&P 500 with 1.78 percent, and the Dow Jones with 0.99 percent.

Ten companies mirrored a broader market decline, dropping by as much as double digits during the end of the session. In this article, we named Thursday’s 10 biggest losers and detailed the reasons behind their decline.

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

A person holding a cup of coffee while reading stock market data on the phone. Photo by Anna Nekrashevich on Pexels

10. Snowflake Inc. (NYSE:SNOW)

Snowflake dropped its share prices by 11.89 percent on Thursday to close at $156.22 apiece following news that its chief revenue officer Chris Degnan, who was integral in taking the company to a $3.4-billion revenue firm, is stepping down from his post to pursue retirement.

Degnan will be replaced by Mike Gannon effective March 14, 2025.

Gannon is set to join SNOW from VMware by Broadcom, where he most recently served as President of America Sales.

Prior to VMware, he also held sales leadership roles at EMC Corporation and Isilon Systems, where he played a key role in building and expanding sales operations, driving market adoption, and strengthening customer engagement. Gannon holds a Bachelor of Arts degree from Oswego State University.

9. VF Corporation (NYSE:VFC)

VF Corp. saw its share price decline by 12.32 percent on Thursday to close at $20.56 apiece as investors shunned updates and developments from its Investor Day, where it noted key achievements over the past 18 months and instead focused on the potential risks it would face from the ongoing trade war.

On Thursday, VFC announced a number of achievements including cost reduction, lower net debt, improved business performance in the Americas, and an advanced Vans brand turnaround.

However, outlook for the retail industry became more bearish given the recently-implemented higher tariffs on goods from China, Mexico, and Canada that could potentially impact VFC’s performance, with expectations of higher costs of importation, manufacturing, and raw materials.

VFC designs, manufactures, and markets branded apparel such as The North Face, Timberland, Vans, Dickies, Jansport, and Kipling. It currently owns various facilities globally, including China, Mexico, and Canada, all of which have been slapped with higher taxes by President Donald Trump.