Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a flat day for the U.S. markets although all major averages hit record all-time highs in the session. Crude oil continued to fall, this time below $50, and it looks like oil might not post a weekly gain…
October 4, 2017: The S&P 500 closed flat at 2,537.72. The DJIA closed flat at 22,660.19. Separately, the Nasdaq was flat at 6,534.63.
Wednesday was a flat day for the U.S. markets although all major averages hit record all-time highs in the session. Crude oil continued to fall, this time below $50, and it looks like oil might not post a weekly gain for the first time in about a month. Most of the S&P 500 sectors were positive or at least flat on Wednesday, the main detractor from the group was the financial sector which was down 0.4%. The top performing sectors were utilities and real estate, up 1.0% and 0.9%, respectively.
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Crude oil was down about 1% at $49.87.
Gold was up 0.3% at $1,278.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Republic Services, Inc. (NYSE: RSG) which traded down about 5% at $63.32. The stock’s 52-week range is $49.18 to $67.18. Volume was 3.8 million versus the daily average of 846,000 shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Mylan N.V. (NASDAQ: MYL) which rose 16% to $37.80. The stock’s 52-week range is $29.39 to $45.87. Volume was 36.5 million compared to its average volume of 6.5 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.
