August 24, 2017: The S&P 500 closed down 0.2% at 2,438.92. The DJIA closed down 0.1% at 21,782.85. Separately, the Nasdaq closed down 0.1% at 6,271.33.
Thursday was a relatively flat day for the U.S. broad markets. Both crude oil and gold dipped lower for the day but there wasn’t any major fallout. Out of the S&P 500 sectors only one moved over 0.5% on the day, and that was consumer staples that dipped about 1.3%. Most of the sectors saw weak trading volumes on the day. There is some concern ahead for oil & gas companies as a hurricane is approaching the Texas coast, where many big U.S. refineries are located.
Crude oil was last seen down 1.7% at $47.61.
Gold was down 0.3% at $1,290.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was The J.M. Smucker Co. (NYSE: SJM) which traded down about 9.5% at $107.51. The stock’s 52-week range is $106.93 to $143.68. Volume was 5.2 million versus the daily average of 905,051 shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Signet Jewelers Limited (NYSE: SIG) which rose over 16% to $60.54. The stock’s 52-week range is $46.09 to $101.46. Volume was 12.3 million compared to its average volume of 2.0 million.