April 27, 2017: The S&P 500 closed higher on the day, up 0.06% and 1.44 points to 2,388.88. Separately the DJIA closed up 0.04% on the day at 20,982.90, up approximately 7.81 points.
Overall the market had a relatively flat day, after having an incredible start to the week. In the past few days, broad markets peaked again and hit new all-time highs. In Thursday’s session, oil & gas stocks were hit harder than the rest. There was also some weakness among airline stocks after a couple reported earnings. Investment banks and major banks also saw their shares drop in the session.
The saving grace on Thursday was the tech sector and utilities that helped to stem the bleeding and force a flat day. Also, there were a few big winners in the healthcare and services sectors that helped pull markets up as well.
Crude oil was negative on Wednesday and last trading down about 0.8% at $49.23.
Gold was only slightly higher on the day up 0.1% closing at $1265.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was F5 Networks, Inc. (NASDAQ: FFIV) which traded down nearly 8% at $126.79. The stock’s 52-week range is $99.29 to $149.50. Volume was 3.6 million versus the daily average of 737,000 shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Intuit Inc. (NASDAQ: INTU) which jumped about 8.5% to $125.62. The stock’s 52-week range is $99.20 to $128.45. Volume was roughly 4.6 million which is above the daily average of around 1.8 million shares.