May 25, 2017: The S&P 500 closed higher on the day, up 0.4% at 2,415.00. Separately the DJIA closed up 0.3% as well at 21,081.04. The Nasdaq closed up 0.7% at 6,205.26.
The U.S. broad markets posted another record day with the S&P 500 and Nasdaq hitting all-time highs on the day with the Dow in close pursuit. After breaking back above the $50 mark, crude oil came crashing back below sending oil & gas stocks much lower on the day. On the other hand, the rest of the market was incredibly positive led by the tech sector. Facebook, Microsoft, Alphabet, and Amazon were some of the biggest winners on the day and easily helped prop the markets up.
Crude oil traded massively lower on the day giving back all of its gains over the past weeks, Crude was last trading down over 5% at $48.62.
Gold was up 0.2% closing at $1,255.60.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Transocean Ltd. (NYSE: RIG) which traded down over 7% at $9.68. The stock’s 52-week range is $8.68 to $16.66. Volume was about 19 million versus the daily average of 12.1 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Best Buy Co. Inc. (NYSE: BBY), which jumped nearly 22% to $61.53. The stock’s 52-week range is $28.76 to $61.95. Volume was nearly 31 million on the day compared to the average of 4.3 million.