Tuesday’s Biggest Winners and Losers in the S&P 500
Tuesday was a very strong day for the U.S. broad markets canceling out what was a sluggish Monday. There were green arrows practically everywhere with only a few exceptions, notably in telecom stocks. Seperately, GE and Merck were the only…
June 13, 2017: The S&P 500 closed higher, up 0.45% at 2,440.33. The DJIA closed up 0.4% at 21,327.92. Separately, the Nasdaq closed higher 0.7% at 6,220.37.
Tuesday was a very strong day for the U.S. broad markets canceling out what was a sluggish Monday. The S&P 500 Index came within 5 points of all-time highs, and the Dow Jones Industrial Average hit an all-time high on Tuesday.
There were green arrows practically everywhere with only a few exceptions, notably in telecom stocks. Seperately, GE and Merck were the only major companies posting a loss. Crude Oil made a solid gain on the day and Oil & Gas stocks were all positive across the board. Amazon and mega-cap tech stocks also helped boost the Nasdaq closer to its highs.
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Crude oil was positive on the day and was last trading up 1% at $46.53.
Gold was relatively flat at $1,268.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Mylan N.V. (NASDAQ: MYL) which traded down about 3% at $37.72. The stock’s 52-week range is $33.60 to $50.40. Volume was nearly 7 million versus the daily average of 5.6 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Frontier Communications Corp. (NASDAQ: FTR), which rose about 6% to $1.35. The stock’s 52-week range is $1.19 to $5.22. Volume was over 35 million on the day compared to the average of 47.3 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.
