Tuesday’s Biggest Winners and Losers in the S&P 500
May 2, 2017: The S&P 500 closed higher on the day, up 0.1% and 2.68 points to 2,391.01. Separately the DJIA closed up 0.17% on the day at 20,948.45, up approximately 34.99 points.
[cnxvideo id=”625482″ placement=”ros”]May 2, 2017: The S&P 500 closed higher on the day, up 0.1% and 2.68 points to 2,391.01. Separately the DJIA closed up 0.17% on the day at 20,948.45, up approximately 34.99 points.
Tuesday was another relatively flat day although the Nasdaq did hit another consecutive all-time high in the session. Oil & gas stocks were largely negative on the day as well as a few of the major auto manufacturers. Retail was very positive and helped to pull up the markets and credit services were positive for the most part.
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Crude oil had a horrible day and was last trading down about 2.5% at $47.63.
On the other hand, gold was positive up 0.2% closing at $1,257.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Archer-Daniels-Midland Company (NYSE: ADM) which traded down about 9% at $41.68. The stock’s 52-week range is $37.00 to $47.88. Volume was 7.7 million versus the daily average of 2.9 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Coach, Inc. (NYSE: COH) which jumped about 11.4% to $43.14. The stock’s 52-week range is $34.07 to $43.71. Volume was roughly 13.8 million which is above the daily average of around 3.3 million shares.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
