Thursday’s Biggest Winners and Losers in the S&P 500
Although Wednesday was the worst trading day that the markets have seen in 2016, Thursday the broad markets made a handy recovery. All of the sectors were positive in the index with only a few industries posting a loss on…
May 18, 2017: The S&P 500 closed higher on the day, up 0.4% at 2,365.74. Separately the DJIA closed up 0.3% as well at 20,662.67. The Nasdaq closed up 0.7% at 6,055.13.
Although Wednesday was the worst trading day that the markets have seen in 2016, Thursday the broad markets made a handy recovery. All of the sectors were positive in the index with only a few industries posting a loss on the day like personal products and networking & communications. Outside of Cisco, practically the entire tech sector was positive with Alphabet and Facebook leading the charge. Discount value stores were incredibly positive, and Apple was up over 1%.
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Crude oil was actually higher on the day up 0.5% at $49.31.
At the same time, gold was lower, down about 0.8% closing at $1,248.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Cisco Systems, Inc. (NASDAQ: CSCO) which traded down over 7% at $31.36. The stock’s 52-week range is $27.13 to $34.60. Volume was 75.4 million versus the daily average of 18.1 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Incyte Corp. (NASDAQ: INCY) which jumped about 7% to $129.03. The stock’s 52-week range is $71.75 to $153.15. Volume was 5.3 million compared with the daily average 2.8 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.
