August 30, 2017: The S&P 500 closed up 0.46% at 2,457.59. The DJIA closed up 0.12% at 21,892.43 and the Nasdaq closed up 1.05% at 6,368.31.
Following a mixed opening, traders took a liking to equities again and the S&P 500 index traded higher after a mid-morning climb out of a negative start. Tech and materials were the best performing sectors while telecom and utilities were the worst performers. A good ADP report on jobs and a solid and surprising gain in the second estimate for second-quarter GDP certainly played a role in the day’s move higher.
Crude oil was last seen down about 1.1% at $45.94.
Gold settled down 0.4% at $1,314.10.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was H&R Block Inc. (NYSE: HRB) which traded down about 8.3% at $26.81. The stock’s 52-week range is $19.85 to $31.80. Volume was 7.7 million versus the daily average of 3 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Incyte Corp. (NASDAQ: INCY) which rose about 10.6% to $138.26. The stock’s 52-week range is $77.58 to $153.15. Volume was 2.7 million compared to its average volume of 1.3 million.