Despite a bruising September sell-off, most major stock market indices are still in positive year-to-date territory after a massive run higher to start 2023. Even the Dow Jones Industrial Average ($DOWI) is still clinging to a 1.5% gain for the year, even though it didn't quite manage the same record-setting first-half returns as the tech-focused Nasdaq Composite ($NASX). However, there is one underperforming Dow component that's weighing heavily on the index's overall returns.
Shares of Walgreens Boots Alliance (WBA) are down are down more than 40% year-to-date, and have slumped 31% in the last 52 weeks. WBA is the worst-performing Dow stock of 2023 by a wide margin, and has burned massive investor wealth in the past decade.
