August 9, 2017: The S&P 500 closed relatively flat at 2,473.93. The DJIA closed down 0.2% at 22,046.65. Separately, the Nasdaq closed down 0.3% at 6,352.33.
For the most past it was a down day for the U.S. broad markets. Two major factors at play on Wednesday were U.S. reaction to North Korea potentially militarizing a nuclear warhead and a weakening dollar. Crude oil was positive on the day, inching closer to $50, however the response from oil & gas stocks was seemingly muted by market headwinds. Most of the S&P 500 was negative on day, with the exception being the health care sector. Financial and tech stocks saw the worst in terms of sector performance but retailers took the cake for worst performing industry.
Crude oil was last seen up 0.8% at $49.56.
Gold was up 1.5% at $1,281.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Denstply Sirona Inc. (NASDAQ: XRAY) which traded down over 8% at $56.35. The stock’s 52-week range is $55.00 to $65.68. Volume was about 6 million versus the daily average of 1.3 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Cimarex Energy Co. (NYSE: XEC) which rose over 7% to $100.97. The stock’s 52-week range is $89.49 to $146.96. Volume was about 2.6 million compared to its average volume of 1.2 million.