April 26, 2017: The S&P 500 closed lower on the day, up 0.04% and 1.00 points to 2,387.59. Separately the DJIA closed down 0.09% on the day at 20,976.74, down approximately 19.38 points.
Overall the market had a relatively flat day, after posting two days of incredible gains. In the past few days broad markets peaked again and hit new all-time highs. Major bank stocks were driving some of these gains also a very positive services sector. On the other hand, the consumer discretionary sector was slightly negative driven partially by weak P&G earnings.
Crude oil was relatively volatile on Wednesday with a range of about $48.94 to $50.20 on the day. However, crude was last trading down about 0.6% at $49.27.
Gold had a similar day to Crude oil but ended up 0.3% or $3.60, closing at $1,270.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Seagate Technology PLC (NASDAQ: STX) which traded down over 16% at $42.08. The stock’s 52-week range is $18.42 to $50.96. Volume was 32.8 million versus the daily average of 4.5 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Edwards Lifesciences Corp. (NYSE: EW) which jumped about 10% to $108.91. The stock’s 52-week range is $81.12 to $1221.75. Volume was roughly 7.3 million which is above the daily average of around 2.2 million shares.