June 6, 2017: The S&P 500 closed lower on the day, down 0.3% at 2,429.36. Separately the DJIA closed down 0.2% at 21,138.19. The Nasdaq also closed down 0.3% at 6,275.06.
Overall Tuesday was again a relatively flat day for the broad markets. Crude oil made an incredible recovery over the course of the day to currently be positive over 1%, oil & gas stocks responded in kind with practically all in the index posting a gain on the day. Mega-cap tech stocks were muted after having a solid start to the week, and the rest of the sector was mostly negative but there were some winners in the mix. Apple bounced back from its loss on Monday, although not completely.
Retail stocks were scattered on Tuesday with a large portion of them trading lower. The health care sector was also mixed with some of its losers being pulled down by Annual Meeting of the American Society of Clinical Oncology (ASCO).
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Crude oil was last trading up 1.9% at $48.28.
Gold pulled close to its 6-month high in April and closed up about 1% at $1,295.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Macy’s, Inc. (NYSE: M) which traded down over 8% at $21.89. The stock’s 52-week range is $21.96 to $45.41. Volume was over 27 million versus the daily average of 7.2 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Southwestern Energy Co. (NYSE: SWN), which rose nearly 6% to $6.09. The stock’s 52-week range is $5.58 to $15.59. Volume was over 27 million on the day compared to the average of 20.5 million.
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