April 18, 2017: The S&P 500 closed lower on the day, down 0.29% and 6.81 points to 2,342.20. Separately the DJIA closed down 0.55% on the day at 20,524.10, down approximately 112.82 points.
Looking at the index as a whole a majority of the market is down on the day. Notable exceptions include the utilities sector and some consumer goods companies. Financial stocks, namely the major banks, continued to suffer after Goldman Sachs had a rare earnings miss. Health care stocks were lower on the day as well driven lower by Johnson & Johnson. A few small and mid-cap tech companies were positive as well.
Crude oil was relatively volatile in Tuesday’s session ranging from barely positive to down about 1%. Crude was last trading down around 0.1% at $52.58 in the session.
Gold rose only slightly on the day up 0.1% or $0.70, closing at $1,292.60.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Cardinal Health, Inc. (NYSE: CAH) which traded down 11.5% at $72.42. The stock’s 52-week range is $62.70 to $87.85. Volume was 12.7 million versus the daily average of 2.0 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was AutoNation, Inc. (NYSE: AN) which jumped 3.1% to $41.56. The stock’s 52-week range is $39.13 to $54.15. Volume was roughly 2.7 million which is above the daily average of around 1.1 million shares.