February 1, 2018: The S&P 500 relatively flat at 2,821.98. The DJIA closed relatively flat at 26,185.75. Separately, the Nasdaq was down 0.4% at 7,385.86.
Thursday was a down day for the U.S. markets. This could be shaping up to be the first down week of the New Year. All three of the major U.S. exchanges fluctuated between positive and negative multiple times during the day, with the S&P 500 and Nasdaq ending ultimately down. Crude oil made a solid comeback in the session, almost reaching back to where it started the week. The S&P 500 sectors were mostly negative in Thursday’s session. The most positive sectors were energy and financials up 0.7% and 0.6%, respectively. The worst performing sectors were real estate, utilities, and materials down 1.9%, 1.8% and 1.5%, respectively.
Crude oil was up nearly 2% at $65.97.
Gold was up 0.7% at $1352.10.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was PayPal Holdings, Inc. (NASDAQ: PYPL) which traded down over 8% at $78.40. The stock’s 52-week range is $39.02 to $86.32. Volume was about 44 million compared to the daily average volume of 8.6 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was eBay Inc. (NASDAQ: EBAY) which rose about 14% to $46.33. The stock’s 52-week range is $31.80 to $46.99. Volume was about 32 million compared to the daily average volume of 9 million.