February 23, 2018: The S&P 500 closed up 1.6% at 2,747.47. The DJIA closed up 1.4% at 25,311.92. Separately, the Nasdaq was up 1.8% at 7,337.39.
Friday was a very positive day for the broad U.S. markets, with all three of the major exchanges closing higher on the day. Crude oil made a strong recovery and is back above $63. The S&P 500 sectors were entirely positive. The most positive sectors were utilities, energy, and technology up 2.7%, 2.1% and 1.9%, respectively. The “worst” performing sector was industrials up only 0.7%.
Crude oil was up 1.2% at $63.54.
Gold was relatively flat at $1,331.50.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Friday was First Solar, Inc. (NASDAQ: FSLR) which traded down about 7% at $61.80. The stock’s 52-week range is $25.56 to $76.61. Volume was about 6 million compared to the daily average volume of roughly 2 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was Hewlett Packard Enterprise Co. (NYSE: HPE) which rose over 10% to $18.10. The stock’s 52-week range is $12.70 to $18.19. Volume was 43 million compared to the daily average volume of about 11 million.