With 3 trading days left in 2020, both of the top 2 performing stock of the S&P 500 are new additions this year. Claiming the top spot is newest newcomer Tesla with an eye-popping 675% price increase for the year. Number 2 is the company the S&P committee chose to add in September, Etsy, with a still absolutely bananas stock increase of 340% since January 1st. For reference, the S&P 500 as a whole usually averages about 10% and is on track to go up about 17% this year.
Interestingly, Etsy was added when most market watchers thought Tesla would get the spot – I guess the carmaker got their revenge in the end.