August 23, 2017: The S&P 500 closed down 0.35% at 2,444.03. The DJIA closed down 0.4% at 21,811.68. Separately, the Nasdaq closed down 0.3% at 6,278.41.
The U.S. broad markets backed off Wednesday after having one of the best trading days of the year on Tuesday. Crude oil was positive on the day and oil & gas stocks responded in kind. Most of the S&P 500 sectors were negative with the exceptions of utilities, energy, and real estate. The best performing sector was real estate which was up around 1% for the day. Industrials and consumer discretionary appeared to be the two worst performing sectors.
Crude oil was last seen up 1.1% at $48.35.
Gold was up 0.4% at $1,295.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Omnicom Group Inc. (NYSE: OMC) which traded down about 7% at $72.70. The stock’s 52-week range is $72.64 to $89.66. Volume was about 6.5 million versus the daily average of 1.8 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Foot Locker, Inc. (NYSE: FL) which rose over 6% to $35.27. The stock’s 52-week range is $31.72 to $79.43. Volume was over 8 million compared to its average volume of 4.6 million.