Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday again started out as a good day for the markets, but the exchanges couldn’t make up their minds and ended up relatively flat for the day. While Tuesday was a small step back, Wednesday was more of a sidestep…
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December 20, 2017: The S&P 500 closed relatively flat at 2,679.28. The DJIA closed flat at 24,726.65. Separately, the Nasdaq was flat at 6,960.96.
Wednesday again started out as a good day for the markets, but the exchanges couldn’t make up their minds and ended up relatively flat for the day. While Tuesday was a small step back, Wednesday was more of a sidestep than anything. Crude oil was up for the session marking the second consecutive positive day. The S&P 500 sectors were mostly negative on the day with a few exceptions. The best performing sectors were energy and industrials up 1.4%, and 0.4%, respectively. The worst performing sectors were real estate and utilities down 1.1% and 0.8%, respectively.
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Crude oil was up 0.9% at $58.09.
Gold was up 0.4% at $1,268.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Red Hat, Inc. (NYSE: RHT) which traded down about 5% at $122.13. The stock’s 52-week range is $68.54 to $130.93. Volume was 7 million versus the daily average of 1.6 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Concho Resources Inc. (NYSE: CXO) which rose over 4% to $146.79. The stock’s 52-week range is $106.73 to $147.77. Volume was 1.5 million compared to its average volume of 1 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.
