September 7, 2017: The S&P 500 closed flat at 2,465.16. The DJIA closed down 0.1% at 21,786.29. Separately, the Nasdaq closed relatively flat at 6,397.87.
Thursday was a mixed day for the U.S. broad markets with all major indices starting off positive, but quickly souring with the exception of the Nasdaq. Crude oil backed off after posting a few days of consecutive gains. Again the S&P 500 was hurt by financial stocks, especially insurance stocks in consideration of this active hurricane season. Entertainment and telecom stocks were also notably lower on the day. The best performing sector was health care, with an emphasis on major drug manufacturers and major biotech firms. The tech sector was relatively mixed but largely positive.
Crude oil backed off slightly down 0.2% at $49.08.
Gold was up 1.1% at $1,354.10.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Legget & Platt, Inc. (NYSE: LEG) which traded down 6.5% at $43.51. The stock’s 52-week range is $43.17 to $54.97. Volume was 2.6 million versus the daily average of 863,728 shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was AbbVie Inc. (NYSE: ABBV) which rose 6.2% to $81.80. The stock’s 52-week range is $55.06 to $82.45. Volume was 15.3 million compared to its average volume of 5.1 million.