Thursday’s Biggest Winners and Losers in the S&P 500
Thursday was an incredible day for the U.S. broad markets, breaking a two day slide. Overall, this massive win was propelled even higher by the House passing its Tax bill. Crude oil couldn’t make up its mind on the day…
November 16, 2017: The S&P 500 closed up 0.8% at 2,585.67. The DJIA closed up 0.8% at 23,458.29. Separately, the Nasdaq was up 1.3% at 6,793.29.
Thursday was an incredible day for the U.S. broad markets, breaking a two day slide. Overall, this massive win was propelled even higher by the House passing its Tax bill. Crude oil couldn’t make up its mind on the day and ultimately ended up down. The S&P 500 sectors were mostly positive with a couple exceptions. The best performing sectors were technology, consumer staples, and materials up 1.4%, 1.4%, and 1.2%, respectively. The worst performing sectors were energy and utilities down 0.4% and 0.3%, respectively.
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Crude oil was down 0.3% at $55.19.
Gold was relatively flat at $1,278.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Best Buy Co., Inc. (NYSE: BBY) which traded down over 3% at $55.33. The stock’s 52-week range is $41.67 to $63.32. Volume was 18 million versus the daily average of 4.7 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was NetApp, Inc. (NASDAQ: NTAP) which rose about 16% to $53.11. The stock’s 52-week range is $34.72 to $53.89. Volume was roughly 13 million compared to its average volume of 2.8 million.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
