Investors eagerly buy the dip -- here are the losing stocks that became winners Thursday

A wild swing occurred in the stock market, as more than four of five S&P 500 stocks rose at least 1%

Shares of Delta Air Lines rose 9% on Dec. 2, reversing the previous day’s 7% drop.

U.S. stocks rebounded Dec. 2 with a bounce into the close from a widespread wipeout the day before. Investors were eager to buy the dip, as you can see from the list below.

On Dec. 2, the Dow Jones Industrial Average rose 1.8%, reversing its 1.3% slide the previous day. The benchmark S&P 500 Index climbed 1.4%, following the previous session's 1.2% slide. And the Nasdaq Composite Index was up 0.8%, partially making up for the previous day's 1.8% decline.

On Dec. 2, 82% of S&P 500 stocks rose at least 1%, after 57% had fallen at least that much the day before.

Here's a breakdown of percentage declines for the S&P 500 on Dec. 1:

Source: FactSet

And here's a breakdown of percentage increases for Dec. 2:

Source: FactSet

Investors rush in

For the following list, we rounded up to 5%. Among the S&P 500, 21 stocks fell at least 5% on Dec. 1, and 12 bounced back at least that much Dec. 2. The list is sorted by the Dec. 1 declines:

Source: FactSet

It was fascinating to see Moderna Inc. continue its slide Dec. 2, following such a big decline for the previous day for the maker of coronavirus vaccines. Josh Nathan-Kazis described patent disputes that have investors concerned about the stock.