The three major U.S. equities indexes closed higher Tuesday, staging a turnaround in the final hour of trading that doubled the gains made earlier in the day. The Dow Jones industrials closed up by 1.06%, the S&P 500 up 0.84% and the Nasdaq up by 1.28%. Among S&P 500 stocks, winners outnumbered losers by more than three to one in Tuesday’s trading. Eight of 11 sectors closed higher, led by materials (up 1.5%), consumer cyclicals (up 1.4%) and financials (also up 1.4%). Energy was the day’s big loser, closing 2.1% lower.

At around 7:00 a.m. ET Tuesday morning, S&P 500 futures traded up about 0.8%, the Nasdaq was up 1.2% and the Dow 0.6% higher.

Crude oil settled at $89.36 a barrel on Tuesday and traded down by about 0.5% in early trading Wednesday at $88.88. The 10-year/two-year U.S. Treasury note spread ended the day at 0.61%, down three basis points from Monday’s settlement. The yield curve had narrowed by about one basis point in premarket trading Wednesday.

Here are the five S&P 500 stocks that closed with the largest gains on Tuesday: Amgen (up 7.82%), Zimmer Biomet (up 7.35%), Abiomed (up 6.62%), DuPont (up 6.32%) and NortonLifeLock (up 6.25%).

Tuesday’s biggest losers among S&P 500 stocks were Fiserv (down 6.00%), Simon Property (down 4.62%), Willis Towers Watson (down 4.56%), Incyte (down 4.47%) and Diamondback Energy (down 4.46%).

Among Wednesday’s premarket leaders was Enphase Energy Inc. (NASDAQ: ENPH), which traded up by around 20%, at $173.64 in a 52-week range of $108.88 to $282.46. Enphase reported a big beat on profits last Tuesday, along with record quarterly revenue. First-quarter guidance calls for revenue in a range of $420 million to $440 million, a total that would be a new record. Analyst Craig Hallum raised his rating on the stock from Hold to Buy.

Paycom Software Inc. (NYSE: PAYC) traded up about 8% early Wednesday, at $361.80 in a 52-week range of $2.96.68 to $558.97. The company reported fourth-quarter results that beat on both profits and revenue. Paycom also released upside guidance for the current quarter and the 2022 fiscal year.

Standard Lithium Ltd. (NYSEAMERICAN: SLI) traded up by around 8.1%, at $6.54 in a 52-week range of $2.25 to $12.92. Last week, short seller Hindenburg Research alleged that the company’s technology does not work, and Standard Lithium’s share price plunged by 27%. The lithium producer has denied the charges.

SolarEdge Technologies Inc. (NASDAQ: SEDG) traded up by around 8.2%, at $269.00 in a 52-week range of $199.33 to $389.71. Like Enphase, SolarEdge makes components (primarily inverters) that convert the electricity generated by solar panels from DC to AC. Other solar companies riding Enphase’s earnings report Wednesday included solar installer Sunrun and module and panel maker First Solar.

Chipotle Mexican Grill Inc. (NYSE: CMG) traded up about 6.1% to $1,550.00, in a 52-week range of $1,256.27 to $1,958.55. Here is another company that reported results after markets closed Tuesday and that beat top-line and bottom-line expectations. The company also raised prices in December, which did little to boost fourth-quarter results but did set the company up to do it again if inflation continues.

Incyte Corp. (NASDAQ: INCY) traded down about 3%, at $68.00 in a 52-week range of $61.91 to $94.50. The stock dropped by nearly 4.5% on Tuesday following an earnings miss reported before markets opened. Wednesday morning, SVB Leerink downgraded the stock from Market Perform to Underperform and dropped the price target from $60 to $56.

CVS Health Corp. (NYSE: CVS) traded down about 0.8%, at $110.00 in a 52-week range of $68.02 to $111.25. The high was posted Tuesday. The company reported fourth-quarter results Wednesday morning that beat estimates and issued in-line guidance for fiscal 2022 earnings. What was holding the stock down is downside revision of $500 million to the low end of operating cash flow guidance.

Waste Management Inc. (NYSE: WM) traded down about 0.7% in Wednesday’s premarket, at $144.10 in a 52-week range of $109.11 to $168.04. The company had no specific news.

FMC Corp. (NYSE: FMC) traded down by about 1.1% to $109.98, in a 52-week range of $87.27 to $122.50. The ag sciences firm reported better-than-expected profit and revenue, and it announced a new $1 billion buyback program. First-quarter and fiscal 2022 guidance were in line with expectations, but maybe not good enough?

Exxon Mobil Corp. (NYSE: XOM) traded down about 0.7%, at $79.69 in a 52-week range of $48.78 to $83.08. Shares dropped more than 2.5% on Tuesday, and Wednesday’s premarket decline was a continuing reaction to the declining price of crude oil.

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