January 30, 2018: The S&P 500 closed down 1.1% at 2,822.49. The DJIA closed down 1.4% at 26,077.71. Separately, the Nasdaq down 0.9% at 7,402.48.
Tuesday was a down day for the U.S. markets, and in fact the worst day that we’ve seen in a long time. This is also the second consecutive day for the markets pulling back and the biggest 2-day point loss in the Dow since Brexit in June 2016. Crude oil continued to fall as the week went on, down below $65. The S&P 500 sectors were almost all negative in Monday’s session. The most positive sector was utilities up 0.3%. The worst performing sectors were health care, energy, and financials down 1.9%, 1.8%, and 1.0%, respectively.
Crude oil was down 1.8% at $64.38.
Gold was down 0.4% at $1340.10.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was MetLife, Inc. (NYSE: MET) which traded down roughly 9% at $49.74. The stock’s 52-week range is $44.18 to $55.91. Volume was 28.5 million compared to the daily average volume of 4.6 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Harris Corporation (NYSE: HRS) which rose about 6% to $156.40. The stock’s 52-week range is $100.61 to $157.70. Volume was roughly 1.5 million compared to the daily average volume of less than 1 million.
Sponsored: Tips for Investing
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.