July 5, 2017: The S&P 500 closed up 0.15% at 2,432.58. The DJIA closed flat at 21,479.13. Separately, the Nasdaq closed up 0.67% at 6,150.86.
Wednesday was a relatively stable day for the markets with all the major U.S. indices posting a gain on the day. Despite this, crude oil veered sharply negative on the day after Russia announced that it would maintain production, and it appears OPEC won’t be backing off as well. As a result, oil & gas stocks traded lower, but this was the only uniform sector that was lower on the day besides utilities. On the other hand, financials were largely positive thanks to the major money center banks. The tech and health care sectors saw a lot of green arrows and helped push the Nasdaq much higher to close out Wednesday.
Crude oil was last seen down 4.5% at $44.96.
Gold was trading up 0.5% at $1,225.60.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was O’Reilly Automotive, Inc. (NASDAQ: ORLY) which traded down over 18% at $179.29. The stock’s 52-week range is $173.89 to $292.84. Volume was about 12.5 million versus the daily average of 1.4 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Micron Technology, Inc. (NASDAQ: MU) which rose nearly 5% to $30.55. The stock’s 52-week range is $11.50 to $32.96. Volume was over 37 million on the day compared to the average of 28.1 million.