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.
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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