Tuesday’s Biggest Winners and Losers in the S&P 500
May 16, 2017: The S&P 500 closed relatively flat on the day at 2,400.58. Separately the DJIA closed at 20,978.21. The Nasdaq actually closed up 0.3% at 6,169.87, hitting another high in the session.
[cnxvideo id=”625454″ placement=”ros”]May 16, 2017: The S&P 500 closed relatively flat on the day at 2,400.58. Separately the DJIA closed at 20,978.21. The Nasdaq actually closed up 0.3% at 6,169.87, hitting another high in the session.
Tuesday was a relatively flat day for the markets. The tech sector saw the best gains in the session. Retail stocks were largely negative and were the driving force for holding the markets back. There were some bright spots in select industries across the index such as cigarettes and home improvement stocks. Apart from this, some health care stocks along with utilities posted losses as well.
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Crude oil was last trading down 0.5% at $48.60.
On the other hand, Gold was higher, up about 0.6% closing at $1,237.10.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Tegna Inc. (NYSE: TGNA) which traded down 6.3% at $22.03. The stock’s 52-week range is $17.91 to $26.65. Volume was 8.6 million versus the daily average of 2.2 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Frontier Communications Corp. (NASDAQ: FTR) which jumped about 4.7% to $1.35. The stock’s 52-week range is $1.19 to $5.31. Volume was 46.4 million compared with the daily average 51.0 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.
