June 21, 2017: The S&P 500 closed lower, down 0.06% at 2,435.73. The DJIA closed lower 0.26% at 21,411.54. Separately, the Nasdaq closed up 0.7% at 6,233.95.
Wednesday was a mixed day for the U.S. broad markets with each seemingly doing something different. The S&P 500 was relatively flat, the Dow was down, and the Nasdaq was incredibly positive. As we said the markets were mixed and so was the sector performance. Health care and tech stocks lead the charge higher—a big boost to the Nasdaq. Crude oil continued to get beat up this week with the price per barrel dropping again and sending oil & gas stocks lower. Industrials felt the sting from this too. Financial stocks were mostly negative on the day as well.
Crude continued to dive lower, and some think that it is headed for the $30’s. It was last trading down about 2% at $42.58.
Gold was last seen up 0.3% at $1,247.50.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Frontier Communications Corp. (NASDAQ: FTR) which traded down over 8% at $1.12. The stock’s 52-week range is $1.10 to $5.22. Volume was over 47 million versus the daily average of 41.4 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was CA, Inc. (NASDAQ: CA) which rose over 13% to $35.73. The stock’s 52-week range is $30.01 to $36.54. Volume was about 15 million on the day compared to the average of 2.5 million.