February 7, 2018: The S&P 500 closed down 0.5% at 2,681.62. The DJIA closed down 0.1% at 24,893.07. Separately, the Nasdaq was down 0.9% at 7,051.98.
Wednesday was a down day for the U.S. markets. The Dow, after losing 1,000 points on Monday, continued to look like it was going to recover but turned negative right at the close. The S&P 500 and the Nasdaq bounced between positive and negative a few times during the day as well, ultimately ending negative. Crude oil sold off in the session again and is back below $62. The S&P 500 sectors were mostly negative in Wednesday’s session. The most positive sectors were industrials and financials up 0.2% and 0.1%, respectively. The worst performing sectors were energy and technology down 1.7% and 1.3%, respectively.
Crude oil was down 2.6% at $61.74.
Gold was down 1.0% at $1,316.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Chipotle Mexican Grill, Inc. (NYSE: CMG) which traded down over 10% at $271.44. The stock’s 52-week range is $263.00 to $499.00. Volume was nearly 5 million compared to the daily average volume of 1.1 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Hasbro, Inc. (NASDAQ: HAS) which rose about 9% to $102.64. The stock’s 52-week range is $87.92 to $116.20. Volume was about 7 million compared to the daily average volume of roughly 1.4 million.