Tuesday’s Biggest Winners and Losers in the S&P 500
Although the broad markets had a positive day even if it was only slightly. Crude oil continued to push higher again on Tuesday back above $50 and now above $51. The main drag on the markets that kept them from…
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May 23, 2017: The S&P 500 closed higher on the day, up 0.2% at 2,398.45. Separately the DJIA closed up 0.2% as well at 20,938.59. The Nasdaq closed relatively flat at 6,138.71.
Although the broad markets had a positive day even if it was only slightly. Crude oil continued to push higher again on Tuesday back above $50 and now above $51. The main drag on the markets that kept them from pushing higher was retailers and a handful of tech stocks. Otherwise, the S&P 500 sectors were more or less positive across the board with a few exceptions. We saw the biggest gains in financial stocks and health care stocks. While crude was posting another strong day, oil & gas stocks were only slightly higher.
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Crude oil broke the $50 level Monday and continued even higher on Tuesday. Crude was last trading higher on the day up 0.6% at $51.44.
At the same time, gold was lower, down about % closing at $1,2__.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was AutoZone, Inc. (NYSE: AZO) which traded down over 11% at $582.65. The stock’s 52-week range is $581.60 to $819.54. Volume was 2.8 million versus the daily average of 370,000 shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Agilent Technologies, Inc. (NYSE: A) which jumped over 4% to $58.62. The stock’s 52-week range is $41.98 to $59.97. Volume was 7.0 million on the day compared to the average of 1.7 million.
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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.
