These are the best performing Nasdaq and S&P 500 stocks of 2020

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COVID-19 has rewarded companies at the cutting edge of mobility and remote working. Here are the best performing Nasdaq and S&P 500 stocks of 2020:

The pandemic year of 2020 was a surprising one for the stock market as the broad indexes crashed in March, only to roar back as unprecedented stimulus from the federal government and the Federal Reserve drove a tremendous amount of money into equities, even as the economy was reeling.

To gain entry to the S&P 500, a company’s “most recent quarter’s earnings and the sum of its trailing four consecutive quarters’ earnings must be positive” and it must also meet other requirements, according to S&P Global. Here’s the kicker: Wood wrote that as far as he could tell, “Tesla only generates profits at present by selling tax credits,” which are payments to Tesla by other auto manufacturers who make too few electric vehicles to satisfy regulators.

 

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Nasdaq, S&P 500 gain on tech stocks, hopes for more stimulusThe Nasdaq and S&P 500 eked out modest gains on Thursday with investors betting on more fiscal stimulus, but U.S. President Joe Biden said China was poised to 'eat our lunch,' a warning that tempered enthusiasm for a market near record highs.
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