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%.
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.