April 4, 2017: The S&P 500 closed relatively flat on the day, up 0.05% and 1.23 points to 2,360.08. Separately the DJIA closed up 0.19% on the day at 20,689.18, up approximately 38.97 points.
The markets had another relatively flat day on Tuesday but saw more volatility across the index than Monday. Oil pressed higher on the day leading to a strong performance among oil & gas and railroad stocks. Utilities also had a lot of green arrows as well, along with aerospace and defense stocks. However, we saw major airlines and department stores posting some of the biggest losses in the index. Apart from that, textiles and retail REITs were mostly negative as well.
Crude oil bounced back from Monday’s loss to close higher on Tuesday. Crude closed up 1.6% at $51.03 on the session.
Gold was also higher on the day up 0.3% or $3.90 on the day, closing at $1,257.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Nvidia Corp. (NASDAQ: NVDA) which traded down 7% at $100.73. The stock’s 52-week range is $34.40 to $120.92. Volume was roughly 29.3 million versus the daily average of 16.5 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Staples, Inc. (NASDAQ: SPLS) which jumped nearly 10% to $9.52. The stock’s 52-week range is $7.24 to $11.37. Volume was 29.4 million which is well above the daily average of around 6.0 million shares.