March 23, 2017: The S&P 500 closed lower on the day, down 0.11% and 2.49 points to 2,345.96. Separately the DJIA closed relatively flat down 0.02% on the day at 20,656.51, down approximately 4.79 points. After the broad markets traded higher initially on the day, everything backed off late in the day after it was announced that the Obamacare repeal vote would be postponed.
Overall the market was fairly mixed in Thursday’s session. The biggest losers on Thursday were major delivery services, health care providers, and oil & gas equipment services. On the other hand, textiles rallied as a whole as did the entertainment industry. Green arrows were also seen in a large number of REITs in the financial sector.
Crude oil is continuing to sit below the $50 mark. Crude closed down 0.71% at $47.70.
Gold actually took a step back today although it is still above the $1,200 level, it fell 0.13% or $1.60, closing at $1,248.10.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Accenture PLC (NYSE: ACN) which traded down 4.5% at $120.79. The stock’s 52-week range is $108.66 to $126.53. Volume was roughly 6.4 million versus the daily average of 2.3 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was PVH Corp. (NYSE: PVH) which jumped 8.5% to $98.55. The stock’s 52-week range is $82.10 to $115.40. Volume was 4.3 million which is above the daily average of around 1.2 million shares.