Top Massachusetts Companies Drop $40 Billion As Stocks Crash

BOSTON, MA — Stocks of the biggest public companies in Massachusetts saw huge sell-offs Monday as markets crashed worldwide. Led by oil companies, the Dow Jones Industrial Average dropped more than seven percent at the market open, before trading was temporarily halted. Markets have crept back up since trading resumed.

The biggest Massachusetts companies by market cap did not escape the carnage, with General Electric losing more than 10 percent of its value and the others contributing to a $40 billion bloodletting.

Boston Business Journal reported the following stock price changes:.

Company, with stock price decline at the market open (percentage and market cap):

American Tower Corp, 4.71 percent, $5,138,517,475

Analog Devices Inc, 6.73 percent, $2,651,589,697

Biogen Inc, 4.32 percent, $2,390,845,779

Boston Scientific Corp, 7.66 percent, $4,021,265,996

General Electric Co, 12.60 percent, $10,351,930,781

Keurig Dr Pepper Inc, 4.39 percent, $1,644,847,198

Raytheon Co, 6.78 percent, $3,457,749,391

Thermo Fisher Scientific Inc, 5.29 percent, $6,565,071,437

TJX Companies Inc, 5.21 percent, $3,670,884,601

Vertex Pharmaceuticals Inc, 6.51 percent, $3,941,102,992

Christopher Huffaker can be reached at 412-265-8353 or chris.huffaker@patch.com.