Wednesday’s Biggest Winners and Losers in the S&P 500
April 11, 2017: The S&P 500 closed lower on the day, down 0.38% and 8.95 points to 2,344.82. Separately the DJIA barely closed down 0.30% on the day at 20,589.62, down approximately 61.68 points.
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[cnxvideo id=”655384″ placement=”ros”]April 12, 2017: The S&P 500 closed lower on the day, down 0.38% and 8.95 points to 2,344.82. Separately the DJIA barely closed down 0.30% on the day at 20,589.62, down approximately 61.68 points.
Looking at the index as a whole a majority of the market is down on the day. Notable exceptions include the utilities sector and some consumer goods companies. Industrial goods and oil & gas stocks were largely down as oil fell on Wednesday as well. Financial stocks in general (especially major banks) continued to suffer. A majority of the medium to small cap tech firms saw losses in the session too. Separately, President Trump made comments to the Wall Street Journal that the U.S. dollar was becoming too strong and that he favored a low-rate environment, and this is part of the reason Gold saw a favorable uptick.
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Crude oil gave back some of its gains this week in Wednesday’s session. Crude was last trading down around 0.8% at $52.95 in the session.
Gold continued to rise 0.7% or $8.60, closing at $1,282.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Tractor Supply Co. (NASDAQ: TSCO) which traded down 8.1% at $64.74. The stock’s 52-week range is $61.50 to $97.25. Volume was 8.4 million versus the daily average of 1.9 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was HP Inc. (NYSE: HPQ) which jumped 2.4% to $17.97. The stock’s 52-week range is $11.31 to $18.37. Volume was roughly 16.5 million which is above the daily average of around 12.3 million shares.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
