Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a very positive day for the U.S. broad markets almost making up for the incredible loss that we saw on Tuesday. Crude oil continued its run to the $50 price level, and the Oil & Gas stocks responded…
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September 6, 2017: The S&P 500 closed up 0.3% at 2,465.67. The DJIA closed up 0.26% at 21,808.70. Separately, the Nasdaq closed up 0.3% at 6,393.31
Wednesday was a positive day for the U.S. broad markets almost making up for the incredible loss that we saw on Tuesday. Crude oil continued its run to the $50 price level, and the oil & gas stocks responded very positively. The biggest drag on the S&P 500 was the utilities sector, which was the only sector posting a loss on the day. On the other hand, the best performing sector was the energy sector up about 1.8%, with the next closest sector being consumer discretionary, up about 0.6%.
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Crude oil was last seen up 0.9% at $49.10.
Gold was down 0.5% at $1,338.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Newell Brands Inc. (NYSE: NWL) which traded down over 3% at $47.10. The stock’s 52-week range is $43.43 to $55.08. Volume was nearly 17 million versus the daily average of 3.3 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was The Gap, Inc. (NYSE: GPS) which rose 7.5% to $25.83. The stock’s 52-week range is $21.02 to $30.74. Volume was over 12 million compared to its average volume of 6.0 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.
