Tuesday’s Biggest Winners and Losers in the S&P 500
May 9, 2017: The S&P 500 closed relatively lower on the day at 2,396.84. Separately the DJIA closed lower at 20,974.61. The Nasdaq was actually up on the day at 6,120.59 hitting another intraday high.
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[cnxvideo id=”655235″ placement=”ros”]May 9, 2017: The S&P 500 closed relatively lower on the day at 2,396.84. Separately the DJIA closed lower at 20,974.61. The Nasdaq was actually up on the day at 6,120.59 hitting another intraday high.
Tuesday was another flat day for the markets, with oil giving back some of its Monday gains. Oil & gas stocks were largely down on the day contributing to the drop in utilities, major telecom, and a handful of financial stocks. On the other hand, major airliners were incredibly positive and retail stocks seem to have come alive with a few reporting earnings later this week. Apple and Amazon helped bolster the index with gains as well.
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Crude oil dropped off a little and was last trading down 0.9% at $46.03.
Gold was also lower on the day down about % on the day closing at $1,220.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Sealed Air Corp. (NYSE: SEE) which traded down about 9% at $42.33. The stock’s 52-week range is $42.01 to $50.62. Volume was nearly 11 million versus the daily average of 2.1 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Marriot International, Inc. (NASDAQ: MAR) which jumped about 6.4% to $102.50. The stock’s 52-week range is $60.87 to $103.22. Volume was just over 6.2 million which is above the daily average of just under 2.6 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.
