Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was an incredible day for the U.S. markets. Once again all three of the major averages hit all-time highs. Although we are only about two weeks into the new year, this is easily the best trading day for the…
January 17, 2018: The S&P 500 closed up 0.9% at 2,802.57. The DJIA closed up 1.3% at 26,114.51. Separately, the Nasdaq was up 1.0% at 7,298.28.
Wednesday was an incredible day for the U.S. markets. Once again all three of the major averages hit all-time highs. Although we are only about two weeks into the new year, this is easily the best trading day for the markets in 2018. Crude oil started made a small recovery on Wednesday. The S&P 500 sectors were all positive. The best performing sectors were technology, consumer staples, and health care up 1.4%, 1.0%, and 0.9%, respectively. The worst performing sectors were consumer staples and materials, up only 0.4% each.
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Crude oil was up 0.2% at $63.86.
Gold was down 0.6% at $1,329.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Fastenal Company (NASDAQ: FAST) which traded down roughly 6% at $52.16. The stock’s 52-week range is $39.79 to $56.15. Volume was over 8 million, compared with the daily average of 2.1 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Lam Research Corp. (NASDAQ: LRCX) which rose over 7% to $204.79. The stock’s 52-week range is $109.33 to $219.70. Volume was over 6 million compared to its average volume of 2.7 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.
