Friday’s Biggest Winners and Losers in the S&P 500
Friday was a very positive day for the broad U.S. markets. Over the course of the day the markets kept building momentum to an incredibly strong finish. The S&P 500 sectors were entirely positive.
March 9, 2018: The S&P 500 closed up 1.7% at 2,786.41. The DJIA closed up 1.8% at 25,334.84. Separately, the Nasdaq was up 1.8% at 7,560.81.
Friday was a very positive day for the broad U.S. markets. Over the course of the day the markets kept building momentum to an incredibly strong finish. The S&P 500 sectors were entirely positive. The most positive sectors were financials, industrials, and energy up 2.3%, 2.1%, and 1.9%, respectively. The “worst” performing sector was utilities up about 0.1%.
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Crude oil was up3.2% at $62.03.
Gold was relatively flat at $1,323.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Friday was Mattel, Inc. (NASDAQ: MAT) which traded down 7% at $14.84. The stock’s 52-week range is $12.71 to $25.97. Volume was nearly 20 million compared to the daily average volume of 6.2 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was Lam Research Corp. (NASDAQ: LRCX) which rose about 6% to $224.87. The stock’s 52-week range is $118.37 to $226.08. Volume was over 6 million compared to the daily average volume of 3.6 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.
