Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was another down day for the broad U.S. markets with all three of the major exchanges closing lower on the day. The Dow took the worst of the punishment with its losses over 300 points. Note that again most…
February 28, 2018: The S&P 500 closed down 1.1% at 2,713.80. The DJIA closed down 1.5% at 25,027.96. Separately, the Nasdaq was down 0.8% at 7,273.01.
Wednesday was another down day for the broad U.S. markets with all three of the major exchanges closing lower on the day. The Dow took the worst of the punishment with losses over 300 points. Note that again most of this sell off occurred at the end of the day. Crude oil was again decidedly negative in the session. The S&P 500 sectors were entirely negative. The most positive sector was real estate which was roughly flat on the day. The worst performing sectors were energy, materials, and health care down 2.2%, 1.7%, and 1.5%, respectively.
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Crude oil was down 2.5% at $61.46.
Gold was flat at $1,319.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Frontier Communications Corp. (NASDAQ: FTR) which traded down almost 24% at $7.03. The stock’s 52-week range is $6.08 to $44.25. Volume was nearly 19 million compared to the daily average volume of roughly 3.5 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 4% to $114.21. The stock’s 52-week range is $78.81 to $158.59. Volume was nearly 2 million compared to the daily average volume of 1.5 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.
