February 12, 2018: The S&P 500 closed up 1.4% at 2,655.83. The DJIA closed up 1.7% at 24,599.07. Separately, the Nasdaq was up 1.6% at 6,981.96.
Monday was a second-consecutive positive day for the U.S. markets. All three major exchanges started out the week on a positive note. There are some concerns that the volatility we saw last week might have been overdone, and this could be the recovery we’re looking for. Crude oil is still below $60 and it was relatively flat in Monday’s session. The S&P 500 sectors were entirely positive to kick off the week. The most positive sectors were materials, technology, and energy up 2.1%, 1.8% and 1.7%, respectively. The “worst” performing sector was real estate up only 0.3%.
Crude oil was relatively flat at $59.31.
Gold was up 0.8% at $1,326.10.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Ulta Beauty, Inc. (NASDAQ: ULTA) which traded down over 4% at $209.40. The stock’s 52-week range is $187.96 to $314.86. Volume was over 2.6 million compared to the daily average volume of 1.3 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Frontier Communications Corp. (NASDAQ: FTR) which rose about 12% to $7.67. The stock’s 52-week range is $6.08 to $51.30. Volume was 2.6 million compared to the daily average volume of roughly 3.7 million.