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…
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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 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.
