By Deep Dive: These 10 stocks in the S&P 500 soared at least 8% after the Fed made its big move — but only 3 have gains for 2022
Wednesday turned into a big day for stocks — the S&P 500 index had its largest one-day percentage gain in nearly two years — after the Federal Reserve raised the federal funds rate by half a percentage point and announced plans to begin reducing its bond portfolio next month.
But key stock-market benchmarks — and many of the day’s biggest movers — remain deep in the red for the year, underscoring what a difficult period it has been for investors. The Nasdaq Composite Index,
COMP,
+3.19%,
which added 3.2% on Wednesday, has plummeted 17.1% for 2022. The Dow Jones Industrial Average
DJIA,
+2.81%
is down a more modest 6.3% for the year after Wednesday’s 2.8% bump.
The day’s winners among the S&P 500
Among the S&P 500
SPX,
+2.99%,
10 stocks rose at least 8% on May 4:
Company
Ticker
Price change – May 4
Price change – 2022
Decline from 52-week high
Date of 52-week intraday high
Paycom Software Inc.
13.8%
-21.0%
-41.3%
11/02/2021
Generac Holdings Inc.
11.8%
-25.6%
-50.1%
11/02/2021
Enphase Energy Inc.
10.0%
4.9%
-32.0%
11/22/2021
Starbucks Corp.
9.8%
-30.2%
-35.4%
07/23/2021
Xylem Inc.
9.6%
-24.7%
-34.9%
09/02/2021
Amcor PLC
9.6%
9.2%
-0.4%
05/04/2022
Albemarle Corp.
9.3%
-7.8%
-26.1%
11/22/2021
Advanced Micro Devices Inc.
9.1%
-30.9%
-39.5%
11/30/2021
Etsy Inc.
8.8%
-50.1%
-64.5%
11/26/2021
SolarEdge Technologies Inc.
8.3%
1.4%
-27.0%
11/22/2021
Source: FactSet
Click on the tickers for more about each company.
Read Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.
Don’t miss: Here’s how you can play it safe with your investments as interest rates rise
