December 27, 2017: The S&P 500 closed flat at 2,682.58. The DJIA closed flat at 24,774.16. Separately, the Nasdaq was relatively flat at 6,939.34.
Wednesday was a relatively mixed day for the markets on low volume. While the exchanges did not hit new highs they are easily within striking distance. Crude oil was down on the day, but it is less than a dollar away from reaching $60. The S&P 500 sectors were mostly positive. The best performing sectors were utilities and real estate, both up 0.4%. The worst performing sectors were consumer discretionary and energy down 0.2% and 0.4%, respectively.
Crude oil was down 0.7% at $59.57.
Gold was up 0.4% at $1,292.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Macy’s, Inc. (NYSE: M) which traded down about over 4% at $25.64. The stock’s 52-week range is $17.41 to $36.93. Volume was over 9 million versus the daily average of 14.2 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Marriott International, Inc. (NASDAQ: MAR) which rose over 2% to $136.25. The stock’s 52-week range is $81.04 to $136.32. Volume was about 1.6 million compared to its average volume of 2.5 million.
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