Monday’s Biggest Winners and Losers in the S&P 500
May 1, 2017: The S&P 500 closed higher on the day, up 0.2% and 5.12 points to 2,389.14. Separately the DJIA closed down 0.1% on the day at 20,922.23, down approximately 18.28 points.
May 1, 2017: The S&P 500 closed higher on the day, up 0.2% and 5.12 points to 2,389.14. Separately the DJIA closed down 0.1% on the day at 20,922.23, down approximately 18.28 points.
Overall Monday was a relatively flat day although the Nasdaq did hit another consecutive all-time high in the session. Large caps helped to pull the broad markets to even today, specifically in the tech and finance sectors. At the same time, Amazon and Apple were positive and helped offset any losses on the day. Utilities were negative on the day along with some select retailers.
Crude oil was negative on Monday and last trading down about 1.2% at $48.76.
Gold was also negative on the day down 0.8% closing at $1,257.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Affiliated Managers Group, Inc. (NYSE: AMG) which traded down about 5.9% at $155.87. The stock’s 52-week range is $130.48 to $177.77. Volume was 1.1 million versus the daily average of 433,000 shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was GGP Inc. (NYSE: GGP) which jumped about 4.7% to $22.62. The stock’s 52-week range is $21.05 to $32.10. Volume was roughly 14.5 million which is above the daily average of around 5.3 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.
