Just months after Wall Street's worst December since the Great Depression, stocks are back at record highs.
 | WED, APR 24, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | MSFT | 125.01 | -0.43 | -0.34% | | CVX | 118.31 | -3.71 | -3.04% | | INTC | 58.72 | -0.06 | -0.10% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | T | 30.79 | -1.31 | -4.08% | | AMD | 28.46 | +0.49 | +1.75% | | QCOM | 86.83 | +0.11 | +0.13% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | SIRI | 5.71 | -0.44 | -7.15% | | AMD | 28.46 | +0.49 | +1.75% | | QCOM | 86.83 | +0.11 | +0.13% | |
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Well, that happened fast. Just months after Wall Street's worst December since the Great Depression, stocks are already back near record highs.
We've seen some clear winners in the comeback. Technology is the biggest gainer, with a more than 36% jump since Christmas Eve. Netflix led a rebound in the so-called FANG names, up 63% from its December lows. Consumer discretionary and industrial sectors bounced back more than 30% since the 2018 plunge, as CNBC's Yun Li reports. See a breakdown in the chart below.
A pivot by the Federal Reserve from higher rates and cooling trade tensions between China and the U.S. helped stocks break back to their all-time highs. Investors are now cheering earnings, too.
So far, almost 130 companies in the S&P 500 have reported first-quarter earnings. Of those names, 78% have brought in better-than-expected profits, according to Refinitiv.
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