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 writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
