Wednesday’s Biggest Winners and Losers in the S&P 500
October 18, 2017 by Chris LangeOctober 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.
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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