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

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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, -3.26%, which added 3.2% on Wednesday, has plummeted 17.1% for 2022. The Dow Jones Industrial Average DJIA, -1.87% 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, -2.28%, 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, -3.94% 13.8% -21.0% -41.3% 11/02/2021
Generac Holdings Inc. GNRC, -0.31% 11.8% -25.6% -50.1% 11/02/2021
Enphase Energy Inc. ENPH, -2.25% 10.0% 4.9% -32.0% 11/22/2021
Starbucks Corp. SBUX, -2.83% 9.8% -30.2% -35.4% 07/23/2021
Xylem Inc. XYL, -2.50% 9.6% -24.7% -34.9% 09/02/2021
Amcor PLC AMCR, -3.66% 9.6% 9.2% -0.4% 05/04/2022
Albemarle Corp. ALB, +8.35% 9.3% -7.8% -26.1% 11/22/2021
Advanced Micro Devices Inc. AMD, -4.33% 9.1% -30.9% -39.5% 11/30/2021
Etsy Inc. ETSY, -16.13% 8.8% -50.1% -64.5% 11/26/2021
SolarEdge Technologies Inc. SEDG, -3.61% 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.

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