August 31, 2017: The S&P 500 closed up 0.57% at 2,471.51. The DJIA closed up 0.27% at 21,952.31 and the Nasdaq closed up 0.95% at 6,428.66.
Trading opened higher on all three indexes Thursday morning following a solid report on consumer incomes and spending and a better-than-expected report on new claims for unemployment benefits. Crude oil prices leapt higher on supply concerns related to tropical storm Harvey and the healthcare and materials sectors rose most among the S&P sectors. Tomorrow’s report on nonfarm payrolls will be closely watch as a signal on what the Fed might do next with interest rates.
Crude oil was last seen up about 2.5% at $47.10.
Gold settled up 0.6% at $1,322.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Campbell Soup Co. (NYSE: CPB) which traded down about 8% at $46.25. The stock’s 52-week range is $46.22 to $64.23. Volume was 7.6 million versus the daily average of 1.7 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Tiffany & Co. (NYSE: TIF) which rose about 4.3% to $91.41. The stock’s 52-week range is $66.35 to $97.29. Volume was 1.7 million compared to its average volume of 1.5 million.