December 19, 2017: The S&P 500 closed down 0.3% at 2,681.48. The DJIA closed down 0.15% at 24,754.26. Separately, the Nasdaq was down 0.4% at 6,963.85.
Tuesday started out as a great day for the markets, but quickly turned for the worse right out of the gate. While Monday showed a lot of promise for the major exchanges, Tuesday was a small step back. Crude oil was up for the session countering Monday’s loss. The S&P 500 sectors were mostly negative on the day with a few small exceptions. The best performing sectors were energy and consumer staples up 0.1%, and 0.1%, respectively. The worst performing sectors were real estate, utilities, and technology down 1.9%, 1.8% and 0.6%, respectively.
Crude oil was up 0.6% at $57.49.
Gold was relatively flat at $1,265.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Frontier Communications Corp. (NASDAQ: FTR) which traded down about 9% at $7.44. The stock’s 52-week range is $6.08 to $57.30. Volume was 4.6 million versus the daily average of 3.9 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Darden Restaurants, Inc. (NYSE: DRI) which rose over 6% to $96.68. The stock’s 52-week range is $71.02 to $96.74. Volume was 4.5 million compared to its average volume of 1.7 million.