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…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
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.
[nativounit]
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.
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
