Tuesday’s Biggest Winners and Losers in the S&P 500
Tuesday was a down day for the broad U.S. markets, with all three of the major exchanges closing lower on the day. While Tuesday was fairly negative, it did not wipe out all of Monday’s gains. Part of this downturn…
February 27, 2018: The S&P 500 closed down 1.3% at 2,744.24. The DJIA closed down 1.2% at 25,408.45. Separately, the Nasdaq was down 1.2% at 7,330.35.
Tuesday was a down day for the broad U.S. markets with all three of the major exchanges closing lower on the day. Most of this sell off occurred at the end of the day. Part of this downturn might be attributed to the new Federal Reserve Chair, Jerome Powell’s bullish stance on the economy. Crude oil turned sharply south in the session. The S&P 500 sectors were entirely negative. The most positive sector was financials down only 0.6%. The worst performing sectors were real estate, consumer discretionary, and utilities down 2.0%, 1.8%, and 1.4%, respectively.
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Crude oil was down 1.6% at $62.89.
Gold was down 1.0% at $1,319.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was AutoZone, Inc. (NYSE: AZO) which traded down over 11% at $651.16. The stock’s 52-week range is $491.13 to $797.89. Volume was nearly 2 million compared to the daily average volume of roughly 0.5 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was The AES Corp. (NYSE: AES) which rose over 7% to $11.20. The stock’s 52-week range is $9.87 to $12.05. Volume was just over 20 million compared to the daily average volume of 8.7 million.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
