September 20, 2017: The S&P 500 closed relatively flat at 2,508.15. The DJIA closed up 0.2% at 22,411.25. Separately, the Nasdaq was down 0.1% at 6,456.04.
Wednesday was a relatively flat day for the broad U.S. markets with two out of the three major averages hitting new all-time highs in the session. Crude oil was up on the day and oil & gas stocks were responding positively. The best performing S&P 500 sector was industrials, up about 0.7%. Finance and energy were the next best performing sectors, both coming in around 0.5%. Consumer staples was the worst performing sector on the day, down about 1%, although this was closely followed by utilities.
Crude oil was up 1.7% at $50.30.
Gold was down 0.6% at $1,302.40.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was L Brands, Inc. (NYSE: LB) which traded down over 5% at $37.22. The stock’s 52-week range is $35.00 to $75.94. Volume was 5.8 million versus the daily average of 4.3 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Chesapeake Energy Corp.(NYSE: CHK) which rose about 3.6% to $4.18. The stock’s 52-week range is $3.55 to $8.20. Volume was more or less 37 million compared to its average volume of 33.0 million.