Wednesday’s Biggest Winners and Losers in the S&P 500
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…
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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.
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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.
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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.
