Wednesday’s Biggest Winners and Losers in the S&P 500
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,…
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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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.
