- Despite a global pandemic and the sharpest economic decline since the Great Depression, many stocks managed to post strong gains in 2020.
- Technology stocks led the way in 2020, with consumers and businesses alike relying on software products to facilitate work from home trends amid the pandemic.
- But energy and travel stocks took a beating this year as stay-at-home orders led to a precipitous drop in travel and demand for oil.
- From Tesla to PayPal, Carnival to Occidental, these are the 5 best and worst performing stocks in the S&P 500 in 2020.
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US stocks posted strong returns in 2020 despite a global pandemic and the sharpest economic decline since the Great Depression.
The S&P 500 has returned 16% year-to-date as of Wednesday’s close, with the technology sector leading the market higher as consumers and businesses adapt to a work-from-home life amid stay at home orders designed to limit the spread of COVID-19.
But energy and travel stocks took a beating this year as stay-at-home orders led to a precipitous drop in travel and demand for oil.
From Tesla to PayPal, Carnival to Occidental, these are the 5 best and worst performing stocks in the S&P 500 in 2020 as of Wednesday’s close.
Best Performers
5. PayPal
Ticker: PYPL
2020 Performance: 114%
4. Nvidia
Ticker: NVDA
2020 Performance: 123%
3. Carrier Global
Ticker: CARR
2020 Performance: 214%
2. Etsy
Ticker: ETSY
2020 Performance: 314%
1. Tesla
Ticker: TSLA
2020 Performance: 730%
Worst Performers
5. Marathon Oil Corporation
Ticker: MRO
2020 Performance: -50%
4. TechnipFMC
Ticker: FTI
2020 Performance: -55%
3. Norwegian Cruise Line Holdings
Ticker: NCLH
2020 Performance: -56%
2. Occidental Petroleum
Ticker: OXY
2020 Performance: -57%
1. Carnival Corporation
Ticker: CCL
2020 Performance: -57%
