August 16, 2017: The S&P 500 closed relatively flat at 2,468.16. The DJIA closed flat at 22,019.53. Separately, the Nasdaq closed up 0.2% at 6,345.11.
Wednesday was a mixed day for the U.S. broad markets. Crude oil continued to pull back from the $50 price level and oil & gas stocks did not respond well. Separately, retail stocks were more or less positive on the day, after facing some difficulties earlier this week. The financial sector was flat, but this was mainly dragged down by the major money center banks and investment houses. The tech sector was relatively positive but like the financial sector a few major stocks pulled the sector down. Otherwise the remaining sectors were relatively mixed.
Crude oil was last seen down about 1.4% at $46.87.
Gold was up 0.7% at $1,288.40.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Diamond Offshore Drilling, Inc. (NYSE: DO) which traded down about 4% at $10.49. The stock’s 52-week range is $10.06 to $22.65. Volume was nearly 4 million versus the daily average of 3.3 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Urban Outfitters, Inc. (NASDAQ: URBN) which rose over 17% to $19.73. The stock’s 52-week range is $16.19 to $40.80. Volume was 32 million compared to its average volume of 3.5 million.