Wednesday’s Biggest Winners and Losers in the S&P 500
May 17, 2017: The S&P 500 closed lower on the day, down 1.8% at 2,357.25. Separately the DJIA closed down 1.8% as well at 20,608.33. The Nasdaq also closed down 2.6% at 6,011.24.
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May 17, 2017: The S&P 500 closed lower on the day, down 1.8% at 2,357.25. Separately the DJIA closed down 1.8% as well at 20,608.33. The Nasdaq also closed down 2.6% at 6,011.24.
Wednesday was the worst trading day that the markets have had all year with all major indices down well over 1%. Practically everything was negative in the S&P 500, although there were a couple of exceptions. In terms of industries, only the following were positive on Wednesday: Beverages, Utilities, and REITs. The most negative stocks on Wednesday were large-cap financials and investment houses. With maybe one or two exceptions the entire tech sector posted red arrows.
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Crude oil was actually higher on the day up 0.7% at $48.98.
At the same time, gold was also higher, up about 1.9% closing at $1,259.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Citizens Financial Group, Inc. (NYSE: CFG) which traded down 6.8% at $34.57. The stock’s 52-week range is $18.34 to $39.75. Volume was 9.6 million versus the daily average of 5.0 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Colgate-Palmolive Co. (NYSE: CL) which jumped about 6% to $75.81. The stock’s 52-week range is $63.43 to $76.35. Volume was 17.3 million compared with the daily average 3.9 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.
