July 26, 2017: The S&P 500 closed flat at 2,477.87. The DJIA closed up 0.4% at 21,709.58. Separately, the Nasdaq closed up 0.2% at 6,422.75.
Wednesday was a very positive day for the U.S. broad markets in the middle of the busiest earnings week of the season. The S&P 500, Dow, and Nasdaq all hit record highs over the course of the day. Most of the significant moves that we saw over the course of the day were the result of companies reporting. For the most part, all of the sectors in the S&P 500 were mixed. The health care sector tended to be more negative driven by hospital stocks and major drug manufacturers. Separately the utilities sector was largely positive.
Crude oil was last seen up 1.6% at $48.63.
Gold was up 0.7% at $1,260.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Akamai Technologies, Inc. (NASDAQ: AKAM) which traded down over 14% at $45.51. The stock’s 52-week range is $45.41 to $71.64. Volume was over 14 million versus the daily average of 2.6 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was The Boeing Co. (NYSE: BA) which rose nearly 10% to $233.24. The stock’s 52-week range is $126.31 to $233.98. Volume was over 13 million compared to its average volume of 2.9 million.