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Deep Dive: 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

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

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