January 18, 2018: The S&P 500 closed down 0.2% at 2,798.16. The DJIA closed down 0.4% at 26,020.43. Separately, the Nasdaq was relatively flat at 7,296.05.
Thursday was a down day on Wall Street. After what was an incredible Wednesday, markets took a step back. A potential government shutdown could be contributing to this decline but a shutdown would only be temporary, so the bulls might not have much to worry about. Crude oil took a small step back on Thursday. The S&P 500 sectors were practically all negative. The best performing sector was technology up 0.2%. The worst performing sectors were real estate, energy, and utilities, down 1.1%, 0.8%, and 0.7%, respectively.
Crude oil was down 0.2% at $63.86.
Gold was down 1% at $1,326.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Albermarle Corp. (NYSE: ALB) which traded down roughly 7% at $118.01. The stock’s 52-week range is $90.35 to $144.99. Volume was over 8 million, compared with 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 Thursday was The AES Corp. (NYSE: AES) which rose over 7% to $11.53. The stock’s 52-week range is $10.00 to $12.05. Volume was over 28 million compared to its average volume of 6.5 million.