March 5, 2018: The S&P 500 closed up 1.1% at 2,721.00. The DJIA closed up 1.4% at 24,9875. Separately, the Nasdaq was up 1.0% at 7,330.70.
Monday started out as a down day for the broad U.S. markets, but as it went on everything recovered and the markets found themselves posting an impressive gain on the day. At one point the Dow was down about 150 points, however it managed to recover by the end of the day up over 300 points. Crude oil had a very strong start to the week. The S&P 500 sectors were entirely positive. The most positive sectors were utilities, financials, and real estate up 2.2%, 1.6% and 1.5%, respectively. The “worst” performing sector was consumer staples up 0.9%.
Crude oil was up 2.3% at $62.67.
Gold was down 0.2% at $1,320.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Nordstrom, Inc. (NYSE: JWN) which traded down about 2% at $51.92. The stock’s 52-week range is $37.79 to $54.00. Volume was 2.3 million compared to the daily average volume of 2.0 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was XL Group Ltd. (NYSE: XL) which rose 29% to $55.97. The stock’s 52-week range is $33.77 to $56.39. Volume was about 82 million compared to the daily average volume of 3.3 million.