Many of the big winners included in the S&P 500 index from 2020 are companies firmly rooted in the technology sector. The obvious big winner is Tesla, whose share price increased by 7.5 times for a variety of reasons. While the increase in Tesla stocks (arguably) does not have a direct connection to the global coronavirus (COVID-19) pandemic, a look at many of the other companies in this list indicates a clear link. Online retailers such as Amazon and Etsy saw large increases in their stock price, along with companies who provide crucial parts of infrastructure necessary for online shopping such as PayPal and FedEx. Given the closure of brick and mortar stores in many parts of the world due to the pandemic, the causation here is evident. Similarly, computer chip manufactures NVIDIA and AMD saw returns of 100 percent or more, likely due both to the shift to remote working necessitated by the pandemic, as well as the global increase in playing video games resulting from the unavailability of many other activities.
Companies included in the S&P 500 index whose share price grew the most during 2020
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Kiplinger. (December 31, 2020). Companies included in the S&P 500 index whose share price grew the most during 2020 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1251763/sandp-500-best-performing-stocks/
Kiplinger. "Companies included in the S&P 500 index whose share price grew the most during 2020." Chart. December 31, 2020. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1251763/sandp-500-best-performing-stocks/
Kiplinger. (2020). Companies included in the S&P 500 index whose share price grew the most during 2020. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1251763/sandp-500-best-performing-stocks/
Kiplinger. "Companies Included in The S&p 500 Index Whose Share Price Grew The Most during 2020." Statista, Statista Inc., 31 Dec 2020, https://www.statista.com/statistics/1251763/sandp-500-best-performing-stocks/
Kiplinger, Companies included in the S&P 500 index whose share price grew the most during 2020 Statista, https://www.statista.com/statistics/1251763/sandp-500-best-performing-stocks/ (last visited October 31, 2024)
Companies included in the S&P 500 index whose share price grew the most during 2020 [Graph], Kiplinger, December 31, 2020. [Online]. Available: https://www.statista.com/statistics/1251763/sandp-500-best-performing-stocks/