Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a positive day for the U.S. broad markets and again all exchanges hit new all-time highs. The Dow performed especially well breaking and holding above 23,000. Crude oil posted another positive day and continues to press above $50.
October 18, 2017: The S&P 500 closed relatively flat at 2,561.24. The DJIA closed up 0.69% at 23,156.84. Separately, the Nasdaq was relatively flat at 6,624.22.
Wednesday was a positive day for the U.S. broad markets and again all exchanges hit new all-time highs. The Dow performed especially well, breaking and holding above 23,000. Crude oil posted another positive day and continues to press above $50. The S&P 500 sectors were mostly negative but the Financial sector helped to offset the losses from the other sectors, up about 0.5%. The worst performing sectors were energy, consumer discretionary, and materials, down 0.7%, 0.26%, and 0.24%, respectively.
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Crude oil was up slightly 0.3% at $52.03.
Gold was down 0.3% at $1,282.60.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Allergan PLC (NYSE: AGN) which traded down over 5% at $187.06. The stock’s 52-week range is $184.50 to $256.80. Volume was over 13 million versus the daily average of nearly 2.5 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was International Business Machines Corp. (NYSE: IBM) which rose about 9% to $159.62. The stock’s 52-week range is $139.13 to $182.79. Volume was about 30 million compared to its average volume of nearly 4 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.
