Tuesday’s Biggest Winners and Losers in the S&P 500
Although Monday was an incredibly positive day for the markets, Tuesday was more or less a complete reversal. Practically every sector in the S&P 500 was down with the single exception of health care. A handful of biotech and pharma…
June 20, 2017: The S&P 500 closed lower, down 0.66% at 2,437.16. The DJIA closed lower 0.3% at 21,467.45. Separately, the Nasdaq closed down 0.8% at 6,188.03.
Although Monday was an incredibly positive day for the markets, Tuesday was more or less a complete reversal. Practically every sector in the S&P 500 was down with the single exception of health care. A handful of biotech and pharma companies actually made strong gains on the day but these were the only ones. Crude oil was down significantly and oil & gas stocks suffered as a result. Major money center banks led the charge downward in the financial sector. Retailers had a pretty bad day as well.
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Crude continued its drop this week. It was last trading down about 2% at $43.34.
Gold fell again and was last seen down 0.2% at $1,244.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Frontier Communications Corp. (NASDAQ: FTR) which traded down about nearly 8% at $1.22. The stock’s 52-week range is $1.19 to $5.22. Volume was over 32 million versus the daily average of 41.5 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) which rose over 4% to $493.93. The stock’s 52-week range is $325.35 to $504.89. Volume was about 2.0 million on the day compared to the average of 937,123.
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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.
