Monday’s Biggest Winners and Losers in the S&P 500
Monday was a very bad way to start out the week for the broad U.S. markets. All three major indices saw a drop of at least 1.3%. Although the day started out negative, the losses only stretched as the day…
March 19 2018: The S&P 500 closed down 1.4% at 2,712.95. The DJIA closed down 1.3% at 24,611.53. Separately, the Nasdaq was down 1.8% at 7,344.24.
Monday was a very bad way to start out the week for the broad U.S. markets. All three major indices saw a drop of at least 1.3%. Although the day started out negative, the losses only stretched as the day went on. The S&P 500 sectors were entirely negative. The most “positive” sectors were utilities and financials down 0.7%, and 0.8%, respectively. The worst performing sectors were technology, energy, and health care down 2.0%, 1.6%, and 1.6%, respectively.
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Crude oil was down 0.3% at $62.17.
Gold was up 0.4% at $1,316.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Frontier Communications Corp. (NASDAQ: FTR) which traded down over 8% at $7.02. The stock’s 52-week range is $6.08 to $37.65. Volume was 4.7 million compared to the daily average volume of 3.3 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Signet Jewelers Limited (NYSE: SIG) which rose about 2% to $39.48. The stock’s 52-week range is $187.96 to $314.86. Volume was 3.8 million compared to the daily average volume of 2.8 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.
