September 6, 2017: The S&P 500 closed up 0.3% at 2,465.67. The DJIA closed up 0.26% at 21,808.70. Separately, the Nasdaq closed up 0.3% at 6,393.31
Wednesday was a positive day for the U.S. broad markets almost making up for the incredible loss that we saw on Tuesday. Crude oil continued its run to the $50 price level, and the oil & gas stocks responded very positively. The biggest drag on the S&P 500 was the utilities sector, which was the only sector posting a loss on the day. On the other hand, the best performing sector was the energy sector up about 1.8%, with the next closest sector being consumer discretionary, up about 0.6%.
Crude oil was last seen up 0.9% at $49.10.
Gold was down 0.5% at $1,338.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Newell Brands Inc. (NYSE: NWL) which traded down over 3% at $47.10. The stock’s 52-week range is $43.43 to $55.08. Volume was nearly 17 million versus the daily average of 3.3 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was The Gap, Inc. (NYSE: GPS) which rose 7.5% to $25.83. The stock’s 52-week range is $21.02 to $30.74. Volume was over 12 million compared to its average volume of 6.0 million.