Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a positive day for the U.S. broad markets, with all major exchanges hitting a new record high. Although this is only the second trading day of 2018, the markets seem to be off to a running start. Crude…
January 3, 2018: The S&P 500 closed up 0.6% at 2,713.00. The DJIA closed up 0.4% at 24,922.27. Separately, the Nasdaq was up 0.8% at 7,065.53.
Wednesday was another positive day for the U.S. broad markets, with all major exchanges hitting a new record high. Although this is only the second trading day of 2018, the markets seem to be off to a running start. Crude oil pushed above $60, and with this breakthrough it looks to push even higher. The S&P 500 sectors were practically all positive. The best performing sectors were energy and health care, up 1.5% and 1.0%, respectively. The worst performing sector was utilities, down 0.7%.
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Crude oil was up 2.2% at $61.72.
Gold was relatively flat at $1,317.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Intel Corp. (NASDAQ: INTC) which traded down about 4% at $45.08. The stock’s 52-week range is $33.23 to $47.64. Volume was just over 113 million versus the daily average of about 28 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was SCANA Corp. (NYSE: SCG) which rose over 22% to $47.71. The stock’s 52-week range is $37.10 to $73.81. Volume was about 19 million compared to its average volume of 2 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.
