The Federal Reserve's interest rate hikes have made markets volatile, but some stocks have still managed to outperform. The S & P 500 is down 6.6% since March 15, 2022 — one day before the central bank began its campaign to push interest rates to almost 5% today from near 0% a year ago. Fed Chairman Jerome Powell told Congress Tuesday that rates will likely continue higher for longer to contain inflation, fueling a selloff in stocks.
Systems and CDW Corporation were also on the list. Systems shares have rallied almost 36% during the Fed's rate hike cycle, but have fallen 9% year-to-date. —CNBC's Michael Bloom contributed to this report.
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