Stocks in the S&P 500 have posted an average gain of 83.7% since the market low on March 9th, according to data compiled by CNBC. As the stock market continues to gain steam, with all major US indices higher by 46% or more since the market rebound began, companies in the S&P 500 have outperformed the average gains of the Dow and Nasdaq 100 components.
Among the major equity indexes, the Nasdaq Composite is currently leading the rally with a gain of 60% from its close on March 9th, followed by the S&P 500 and Dow Jones Industrial Average , up 53% and 46%, respectively.
In addition, the Russell 2000 index, a measure of small-cap companies, has seen a jump of 70% since the market's multi-year low.
Despite a sharp rebound in the Nasdaq 100, up 58% from its March low, companies in the S&P 500 have outperformed tech companies in terms of average gains. Indeed, a review of the S&P shows that half of its components have posted gains north of a median return of 60% since the March low, compared to a median gain of 59% for companies in the Nasdaq 100, and a median value of 51% for the stocks in the Dow.
The following tables portray some of the winners and losers from the market's rally. It appears that investors bet that many financials stocks may have been oversold in early March. Looking forward, many analysts have recently said that we are due for a pullback, indicating some of the biggest gainers might not extend their runs. Others, however, believe that the rally may continue.
>> Best S&P 500 Sectors since March 9th
- Index components overall average gain since March 9th: 84%
- Percent of companies trading up : 98%
- Average gain: 86%
- Percent of companies trading down: 2%
- Average loss: 7%
- S&P 500 YTD % Change: 15%
Nasdaq 100 Winners & Losers
- Index components overall average gain since March 9th: 70%
- Percent of companies trading up: 95%
- Average Gain: 74%
- Percent of companies trading down: 5%
- Average Loss: 5%
- Nasdaq 100 YTD % Change: 36%
Dow Jones Industrial Average
- Index components overall average gain since March 9th: 69%
- Percent of companies trading up: 100%
- Dow YTD % Change: 9%
Data source: CNBC & Thomson Reuters
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