Wednesday’s Biggest Winners and Losers in the S&P 500
January 17, 2018 by Chris LangeJanuary 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.
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.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.