October 4, 2017: The S&P 500 closed flat at 2,537.72. The DJIA closed flat at 22,660.19. Separately, the Nasdaq was flat at 6,534.63.
Wednesday was a flat day for the U.S. markets although all major averages hit record all-time highs in the session. Crude oil continued to fall, this time below $50, and it looks like oil might not post a weekly gain for the first time in about a month. Most of the S&P 500 sectors were positive or at least flat on Wednesday, the main detractor from the group was the financial sector which was down 0.4%. The top performing sectors were utilities and real estate, up 1.0% and 0.9%, respectively.
Crude oil was down about 1% at $49.87.
Gold was up 0.3% at $1,278.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Republic Services, Inc. (NYSE: RSG) which traded down about 5% at $63.32. The stock’s 52-week range is $49.18 to $67.18. Volume was 3.8 million versus the daily average of 846,000 shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Mylan N.V. (NASDAQ: MYL) which rose 16% to $37.80. The stock’s 52-week range is $29.39 to $45.87. Volume was 36.5 million compared to its average volume of 6.5 million.