January 8, 2018: The S&P 500 closed up 0.2% at 2,747.45. The DJIA closed relatively flat at 25,278.49. Separately, the Nasdaq was up 0.3% at 7,157.39.
Although Monday was a relatively mixed day for the markets, all three of the major exchanges hit all-time highs yet again. This is only the fifth trading day of the New Year and markets have been setting records on practically every day thus far. With earnings season just around the corner, we will finally get to see if the fundamentals are backing up this rally. Crude oil held above $60 and made some more progress to start the week. The S&P 500 sectors were practically all positive. The best performing sectors were utilities and real estate care, up 1.0% and 0.7%, respectively. The worst performing sectors were health care and financials, down 0.3% and 0.1%, respectively.
Crude oil was up 0.7% at $61.86.
Gold was relatively flat at $1,320.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Biogen Inc. (NASDAQ: BIIB) which traded down nearly 4% at $329.58. The stock’s 52-week range is $244.28 to $348.84. Volume was 1.2 million matching the daily average of 1.2 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Seagate Technology PLC (NASDAQ: STX) which rose about 7% to $45.92. The stock’s 52-week range is $30.60 to $50.96. Volume was over 22 million compared to its average volume of 4.6 million.