January 11, 2018: The S&P 500 closed up 0.7% at 2,767.51. The DJIA closed up 0.8% at 25,574.46. Separately, the Nasdaq was up 0.8% at 7,211.78.
Thursday was a strong day for the U.S. markets, with all three of the major exchanges hitting all-time highs yet again. 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 has seen a strong week so far and is holding above the $63 mark. The S&P 500 sectors were mostly positive. The best performing sector were energy, materials, and industrials, up 2%, 1.2%, and 1.2%, respectively. The worst performing sectors were real estate and utilities, down 0.6% and 0.4%, respectively.
Crude oil was relatively flat at $63.59.
Gold was up 0.3% at $1,322.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Incyte Corp. (NASDAQ: INCY) which traded down over 3% at $93.06. The stock’s 52-week range is $92.52 to $153.15. Volume was 3.1 million, compared with 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 Thursday was First Solar, Inc. (NASDAQ: FSLR) which rose about 10% to $76.27. The stock’s 52-week range is $25.56 to $76.48. Volume was 5.4 million compared to its average volume of 2.4 million.