February 21, 2018: The S&P 500 closed down 0.6% at 2,701.33. The DJIA closed down 0.7% at 24,797.78. Separately, the Nasdaq was down 0.2% at 7,218.23.
Wednesday started out as a positive day for the U.S. markets, however everything turned south right before closing. All three major indexes closed down but the Nasdaq was almost lucky enough to escape the end of the day sell off. Crude oil backed off in Wednesday’s session. The S&P 500 sectors were almost entirely negative. The most positive sectors were financials and industrials up 0.1% and less than 0.1%, respectively. The worst performing sectors were real estate and energy down 1.8% and 1.7%, respectively.
Crude oil was down 1.1% at $61.09.
Gold was down 0.4% at $1,326.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Devon Energy Corp. (NYSE: DVN) which traded down about 12% at $30.55. The stock’s 52-week range is $28.79 to $45.16. Volume was about 30 million compared to the daily average volume of roughly 5 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Advance Auto Parts, Inc. (NYSE: AAP) which rose over 8% to $114.18. The stock’s 52-week range is $78.81 to $161.99. Volume was 5 million compared to the daily average volume of 1.4 million.