A look back shows half of the stocks in the S&P 500 ended lower on Wednesday than they were at the end of 2021.

The stock market's whipsaw action continued on Wednesday, with the S&P 500 rising 9.5% after President Donald Trump decided on a 90-day pause for the implementation of most of the tariffs he had announced last week.

Below is a list of the day's largest gainers among the S&P 500 SPX. Most were still down significantly for 2025.

Here is some of the latest coverage related to Wednesday's partial rebound of stocks following a brutal week for investors since Trump announced a slew of tariffs on April 2:

Here is how the 11 sectors of the S&P 500 performed on Wednesday, sorted by how much each rose for the trading session. All price changes in this article exclude dividends. Numbers for the full index are in the bottom row. The table also shows price changes since the end of 2021, to highlight the broad pattern, with the S&P 500 falling 19.4% in 2022, followed by significant gains the next two years heading into the decline of 7.2% so for in 2025. Boiling all of that down, the U.S. large-cap benchmark index was up 14.5% from the end of 2021 through Wednesday.

All but nine of the S&P 500's component stocks showed gains on Wednesday. But two-thirds of S&P 500 stocks ended the day down for 2025. And half of the S&P 500 ended at prices below where they closed at the end of 2021.

Here are Wednesday's 20 best performers in the index.

Among the day's 20 best performers, all but Intel $(INTC)$ were still down for 2025 and 12 were still down 20% so far this year. Looking further back, 13 of the 20 ended Wednesday at prices below those at the end of 2021.