The biggest S&P 500 Index winners and losers since April 4
After eking out another gain in yesterday’s session, US stocks have now climbed nearly 20% since bottoming on April 4, sending the S&P 500 Index within spitting distance of its all-time high close of 6,144 in February.
Powering that rally, literally and figuratively, has been the AI trade. Sherwood News’ Luke Kawa pointed out last week that chip stocks like Broadcom — as well as the “picks and shovels” names enabling the AI capex orgy — are at or near record highs. But which other companies have been the biggest winners and losers in this latest rally?
Outside of tech, Constellation Energy, which signed a major 20-year deal with Meta to supply it with nuclear power last week, is a top riser with a 70% gain since April 4, while another top stock, NRG Energy, may owe its performance to an accounting trick. As of today, the biggest gainer is Arizona-based semiconductor company Microchip Technology, with a 93% gain.
Meanwhile, of the 73 decliners in the index, there is a certified biggest loser: UnitedHealth, which, with a 42% drop, is far lower than the next in line, Enphase Energy, which has suffered a 21% decline since April 4.
Outside of tech, Constellation Energy, which signed a major 20-year deal with Meta to supply it with nuclear power last week, is a top riser with a 70% gain since April 4, while another top stock, NRG Energy, may owe its performance to an accounting trick. As of today, the biggest gainer is Arizona-based semiconductor company Microchip Technology, with a 93% gain.
Meanwhile, of the 73 decliners in the index, there is a certified biggest loser: UnitedHealth, which, with a 42% drop, is far lower than the next in line, Enphase Energy, which has suffered a 21% decline since April 4.
