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.