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.
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.