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. | PAYC,
+13.78% | 13.8% | -21.0% | -41.3% | 11/02/2021 |
| Generac Holdings Inc. | GNRC,
+11.79% | 11.8% | -25.6% | -50.1% | 11/02/2021 |
| Enphase Energy Inc. | ENPH,
+9.98% | 10.0% | 4.9% | -32.0% | 11/22/2021 |
| Starbucks Corp. | SBUX,
+9.83% | 9.8% | -30.2% | -35.4% | 07/23/2021 |
| Xylem Inc. | XYL,
+9.63% | 9.6% | -24.7% | -34.9% | 09/02/2021 |
| Amcor PLC | AMCR,
+9.61% | 9.6% | 9.2% | -0.4% | 05/04/2022 |
| Albemarle Corp. | ALB,
+9.31% | 9.3% | -7.8% | -26.1% | 11/22/2021 |
| Advanced Micro Devices Inc. | AMD,
+9.10% | 9.1% | -30.9% | -39.5% | 11/30/2021 |
| Etsy Inc. | ETSY,
+8.75% | 8.8% | -50.1% | -64.5% | 11/26/2021 |
| SolarEdge Technologies Inc. | SEDG,
+8.35% | 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
Source: https://www.marketwatch.com/story/these-10-stock-in-the-s-p-500-soared-at-least-8-after-the-fed-made-its-big-move-but-only-3-have-gains-for-2022-11651699501?siteid=yhoof2&yptr=yahoo
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
+3.19% ,
+2.81%
COMP,
which added 3.2% on Wednesday, has plummeted 17.1% for 2022. The Dow Jones Industrial Average
DJIA,
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
+2.99% ,
SPX,
10 stocks rose at least 8% on May 4:
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
Source: https://www.marketwatch.com/story/these-10-stock-in-the-s-p-500-soared-at-least-8-after-the-fed-made-its-big-move-but-only-3-have-gains-for-2022-11651699501?siteid=yhoof2&yptr=yahoo