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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,
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
SPX,
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, |
13.8% | -21.0% | -41.3% | 11/02/2021 |
| Generac Holdings Inc. |
GNRC, |
11.8% | -25.6% | -50.1% | 11/02/2021 |
| Enphase Energy Inc. |
ENPH, |
10.0% | 4.9% | -32.0% | 11/22/2021 |
| Starbucks Corp. |
SBUX, |
9.8% | -30.2% | -35.4% | 07/23/2021 |
| Xylem Inc. |
XYL, |
9.6% | -24.7% | -34.9% | 09/02/2021 |
| Amcor PLC |
AMCR, |
9.6% | 9.2% | -0.4% | 05/04/2022 |
| Albemarle Corp. |
ALB, |
9.3% | -7.8% | -26.1% | 11/22/2021 |
| Advanced Micro Devices Inc. |
AMD, |
9.1% | -30.9% | -39.5% | 11/30/2021 |
| Etsy Inc. |
ETSY, |
8.8% | -50.1% | -64.5% | 11/26/2021 |
| SolarEdge Technologies Inc. |
SEDG, |
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
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