Only One Stock in the S&P 500 Finished Higher as Index Plunged
- Supermarket operator Kroger managed to gain 0.4% on Thursday
- S&P 500 dropped almost 6% as second-wave fears hit markets
A shopper holding an umbrella walks towards a Kroger Co. grocery store in Louisville, Kentucky, on April 26.
Photographer: Stacie Scott/BloombergThis article is for subscribers only.
In the stock market’s worst wipeout since the height of the coronavirus panic in March, only one member of the S&P 500 Index managed to post a gain.
Supermarket operator Kroger Co. finished in the green, eking out a 0.4% advance after BMO raised its price target for the stock. That’s in stark contrast to the benchmark equity gauge, which plummeted 5.9% as fears of a second wave of U.S. coronavirus infections gripped markets. More than 60 of the index’s members lost at least 10%.