Monday’s Biggest Winners and Losers in the S&P 500
May 8, 2017: The S&P 500 closed relatively on the day at 2,399.16. Separately the DJIA closed at 21,011.32. The Nasdaq also closed relatively flat at 6,102.66.
[cnxvideo id=”625488″ placement=”ros”]May 8, 2017: The S&P 500 closed relatively on the day at 2,399.16. Separately the DJIA closed at 21,011.32. The Nasdaq also closed relatively flat at 6,102.66.
Monday was a flat day for the markets, with oil helping to prop up the S&P 500. Oil & gas stocks were up on the day offsetting weak healthcare and services sectors. On the other hand, Apple was very positive which single-handedly kept the index from pushing even lower. Apart from this, Amazon, Facebook, and Alphabet were positive and contributed to the fight to stay positive.
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Crude oil recovered a little from last week on Monday and was last trading up nearly 0.5% at $46.43.
Gold was also relatively flat on the day up about 0.10% on the day closing at $1,227.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Tyson Foods, Inc. (NYSE: TSN) which traded down about 6% at $59.40. The stock’s 52-week range is $55.72 to $77.05. Volume was about 9 million versus the daily average of 2.7 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Newell Brands Inc. (NYSE: NWL) which jumped about 11% to $51.74. The stock’s 52-week range is $43.43 to $55.45. Volume was nearly 13 million which is above the daily average of just under 3.7 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.
