Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a mixed day for the U.S. markets. The Dow, after losing 1,000 points on Monday, continued its recovery posting another solid day of gains. However the S&P 500 and the Nasdaq bounced between positive and negative a few…
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.
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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.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
