January 10, 2018: The S&P 500 closed down 0.1% at 2,748.18. The DJIA closed down less than 0.1% at 25,370.55. Separately, the Nasdaq was down 0.1% at 7,153.57.
Wednesday was a down day for the U.S. markets. The markets initially opened down, but over the course of the day they slowly moved back towards even. Earnings season is just around the corner, and starting Friday we will finally get to see if the fundamentals are backing up this rally. Crude oil posted another positive day and appears to be holding above $63. The S&P 500 sectors were practically all negative. The best performing sector was financials, up 0.7%. The worst performing sectors were real estate and utilities, down 1.5% and 1.0%, respectively.
Crude oil was up 0.7% at $63.40.
Gold was up 0.4% at $1,318.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Signet Jewelers Limited (NYSE: SIG) which traded down about 7% at $52.74. The stock’s 52-week range is $46.09 to $86.35. Volume was 8.5 million, well above the daily average of 2.4 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Intuitive Surgical, Inc. (NASDAQ: ISRG) which rose over 6% to $423.76. The stock’s 52-week range is $217.19 to $426.98. Volume was 1.7 million compared to its average volume of nearly 1 million.