February 14, 2018: The S&P 500 closed up 1.4% at 2,698.88. The DJIA closed up 1.0% at 24,897.34. Separately, the Nasdaq was up 1.9% at 7,143.62.
Wednesday was a fourth consecutive positive day for the U.S. markets, again with a rocky start just like Tuesday. All three major exchanges showed some love on Valentines Day, each returning over 1%. Crude oil was feeling the love as well and recovered handily above $60. The S&P 500 sectors were almost entirely positive. The most positive sectors were financials and technology up 2.3% and 1.9%, respectively. The worst performing sectors were utilities and real estate down 1.1% and 0.6%, respectively.
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Crude oil was up 2.7% at $60.78.
Gold was up 2.0% at $1,356.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Biogen Inc. (NASDAQ: BIIB) which traded down about 6% at 297.99. The stock’s 52-week range is $244.28 to $370.67. Volume was about 5 million compared to the daily average volume of roughly 1 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Fossil Group, Inc. (NASDAQ: FOSL) which rose about 90% to $17.16. The stock’s 52-week range is $5.50 to $21.03. Volume was over 40 million compared to the daily average volume of roughly 2 million.
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