March 7, 2018: The S&P 500 closed relatively flat at 2,726.90. The DJIA closed down 0.3% at 24,802.39. Separately, the Nasdaq was up 0.3% at 7,396.65.
Wednesday started out as a down day for the broad U.S. markets. However, over the course of the day the markets managed to recoup some of their losses. At one point the Dow was down as much as 350 points, but it ended the day down about 80 points. Crude oil posted a significant drop. The S&P 500 sectors were mostly negative. The most positive sectors were health care and technology up 0.6% and 0.5%, respectively. The worst performing sectors were consumer staples and energy down 0.9% and 0.8%, respectively.
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Crude oil was down 2.2% at $61.23.
Gold was down 0.8% at $1,324.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Dollar Tree, Inc. (NASDAQ: DLTR) which traded down nearly 15% at $89.03. The stock’s 52-week range is $65.63 to $116.65. Volume was nearly 22 million compared to the daily average volume of 2.2 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Autodesk, Inc. (NASDAQ: ADSK) which rose about 15% to $137.60. The stock’s 52-week range is $81.82 to $137.89. Volume was 12.3 million compared to the daily average volume of 2.2 million.
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