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What a difference a day can make, especially when there’s a surprising economic report that soothes investors’ fears.

Stocks that had been among the worst performers of 2022 are rising the most today after a closely followed inflation gauge rose less than expected.

The Consumer Price Index climbed 0.4% during October from the previous month, according to the Bureau of Labor Statistics. That was lower than the 0.6% expected by economists polled by the Wall Street Journal. The year-over-year CPI increase of 7.7% was an improvement from 8.2% in September.

These numbers caused yields on two-year and 10-year U.S. Treasury securities to show their largest one-day declines in over a decade amid strong buying activity.

The euphoria carried over to the stock market. The Dow Jones Industrial Average
DJIA,
+3.70%

was up 926 points, or 2.8%, at 11 a.m. ET to 33,439.81, while the S&P 500
SPX,
+5.54%

soared 4.4% and the Nasdaq Composite Index
COMP,
+31.35%

fared even better, with a 5.8% increase.

All 11 sectors of the S&P 500 were up significantly, led by the consumer discretionary sector, which includes Amazon.com Inc.
AMZN,
+12.18%
.
The stock surged 13.4%.

Index

Nov. 10 price change

2022 price change

Consumer Discretionary

7.5%

-31.6%

Real Estate

6.8%

-25.9%

Information Technology

6.1%

-26.7%

Materials

5.3%

-11.6%

Communication Services

5.2%

-39.9%

Financials

3.9%

-10.2%

Utilities

3.7%

-4.9%

Industrials

3.6%

-6.5%

Energy

2.2%

64.3%

Consumer Staples

1.8%

-5.3%

Health Care

1.7%

-5.3%

S&P 500

4.4%

-17.9%

Source: FactSet

All price changes in this article exclude dividends. Six leading sectors on Nov. 10 were still showing double-digit declines for 2022, as was the benchmark S&P 500.

Among the S&P 500, 95% of stocks were up as of 11 a.m. ET. Here are the trading session’s 20 best performers in the benchmark index at that time:

Company

Ticker

Nov. 10 price change

2022 price change

Decline from 52-week intraday high

Date of 52-week intraday high

Lennar Corp. Class A

LEN,
+12.57%
14.2%

-22.8%

-23.7%

12/13/2021

SVB Financial Group

SIVB,
+10.87%
14.0%

-65.0%

-68.9%

11/16/2021

Mohawk Industries Inc.

MHK,
+14.70%
13.8%

-44.2%

-47.1%

01/05/2022

PulteGroup Inc.

PHM,
+13.48%
13.7%

-23.2%

-24.5%

01/13/2022

T. Rowe Price Group

TROW,
+16.36%
13.7%

-38.1%

-45.3%

11/09/2021

Amazon.com Inc.

AMZN,
+12.18%
13.4%

-41.4%

-48.1%

11/19/2021

Etsy Inc.

ETSY,
+16.06%
12.7%

-51.1%

-65.2%

11/26/2021

Ceridian HCM Holding Inc.

CDAY,
+13.94%
12.3%

-40.3%

-50.1%

11/09/2021

Capital One Financial Corp.

COF,
+12.44%
12.2%

-21.5%

-29.9%

01/18/2022

Caesars Entertainment Inc.

CZR,
+17.83%
12.2%

-48.5%

-54.8%

11/15/2021

Invesco Ltd.

IVZ,
+17.85%
12.2%

-22.5%

-32.6%

11/15/2021

Advanced Micro Devices Inc.

AMD,
+14.27%
12.0%

-53.3%

-59.2%

11/30/2021

Autodesk Inc.

ADSK,
+14.57%
11.9%

-22.5%

-35.1%

11/17/2021

Fortune Brands Home & Security Inc.

FBHS,
+13.02%
11.9%

-39.2%

-40.5%

11/16/2021

D.R. Horton Inc.

DHI,
+11.24%
11.8%

-22.2%

-23.6%

12/13/2021

Pool Corp.

POOL,
+12.95%
11.7%

-40.7%

-42.4%

11/19/2021

First Republic Bank

FRC,
+12.73%
11.5%

-39.4%

-43.9%

11/17/2021

Masco Corp.

MAS,
+11.39%
11.3%

-28.6%

-29.4%

01/04/2022

Celanese Corp.

CE,
+13.67%
11.3%

-39.2%

-42.1%

01/05/2022

Generac Holdings Inc.

GNRC,
+13.33%
11.1%

-69.4%

-76.8%

11/22/2021

Source: FactSet

Click on the tickers for more about each company.

Read Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

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