February 2, 2018: The S&P 500 down 2.2% at 2,761.44. The DJIA closed down 2.6% at 2,5511.39. Separately, the Nasdaq was down 2.0% at 7,240.95.
Friday was a catastrophic day for the U.S. markets. Right out of the gate all of the major exchanges were down and it only got worse over the course of the day. The Dow lost nearly 700 points, making this one of the 3 worst single day sell-offs in the history of the average. Crude oil sold off in the session after making a solid recovery Thursday. The S&P 500 sectors were entirely negative in Friday’s session. The most “positive” sector was consumer discretionary down 0.6%. The worst performing sectors were energy, technology, and materials down 4.5%, 2.7% and 2.4%, respectively.
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Crude oil was down 0.7% at $65.33.
Gold was down 1% at $1334.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Friday was Freeport McMoran Inc. (NYSE: FCX) which traded down over 7% at $17.97. The stock’s 52-week range is $11.05 to $20.25. Volume was over 24 million compared to the daily average volume of 18 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was Mattel, Inc. (NASDAQ: MAT) which rose over 8% to $16.62. The stock’s 52-week range is $12.71 to $26.80. Volume was about 16 million compared to the daily average volume of roughly 8 million.
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