These are the 10 best-performing stocks since the market bottomed 1 year ago today

Matthew Fox

Mar 23, 2021, 23:51 IST

These are the 10 best-performing stocks since the market bottomed 1 year ago today

Xinhua/Wang Ying/ Getty Images

March 23 marks the one-year anniversary of the stock market bottom amid the onset of the COVID-19 pandemic.
These are the 10 best performing S&P 500 stocks since the market bottomed one-year ago today.
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The stock market marks its one-year bull market anniversary today, marked by the official bottom amid the onset of the COVID-19 pandemic.

Stocks had staged the fastest bull market in history after peaking on February 19, 2020, falling more than 20% in just 16 days. The S&P 500 ultimately fell as much as 34% as investors grappled with the uncertainty related to stay-at-home orders that swept across the country.

Since then, the S&P 500 has surged 76% from its bottom, marking the strongest start to a bull market on record, according to LPL.

The swift recovery in stocks was driven by unprecedented fiscal and monetary stimulus, as well as better-than-expected earnings from technology companies that saw a surge in business due to the pandemic. More recently, cyclical stocks that are poised to benefit from a reopening of the economy have helped the stock market continue its bull run.

These are the 10 best performing S&P 500 stocks since the index closed at a low of 2,237.40 one-year ago today.

10. MGM Resorts International

Ticker: MGM
1-YR Performance: 328%