Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a down day for the broad U.S. markets. Each of the major exchanges showed a positive start to the session, but this quickly traded to a loss following statements by the FOMC committee. Crude oil posted a solid…
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December 19, 2018: The S&P 500 closed down 1.5% at 2,506.87. The DJIA closed down 1.5% at 23,323.46. Separately, the Nasdaq closed down 2.2% at 6,636.83.
Wednesday was a down day for the broad U.S. markets. Each of the major exchanges showed a positive start to the session, but this quickly traded to a loss following statements by the FOMC committee. Crude oil posted a solid bounce back from Tuesday’s loss. The S&P 500 sectors were entirely negative.. The most ”positive” sector was utilities down 0.1% each. The worst performing sectors were industrials and consumer discretionary down 1.8%, and 1.7%, respectively.
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Crude oil was last seen up 3.7% at $47.96.
Gold was last seen trading down 0.5% at $1,247.40.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was FedEx Corp. (NYSE: FDX) which traded down over 12% at $162.75 The stock’s 52-week range is $162.50 to $274.66. Volume was roughly 15 million compared to the daily average volume of 2 million million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was General Electric Co. (NYSE: GEI) which rose by more than 5% to $7.66. The stock’s 52-week range is $6.66 to $19.39. Volume was about 212 million compared to the daily average volume of 132 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.