Friday’s Biggest Winners and Losers in the S&P 500
Friday was again an absolute disaster for the broad U.S. markets. There didn’t seem to be anything positive about Friday, with the exception of gold and oil rising. The Nasdaq was the biggest loser of the group, it lost over…
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March 23 2018: The S&P 500 closed down 2.1% at 2,588.20. The DJIA closed down 1.8% at 23,532.27. Separately, the Nasdaq was down 2.4% at 6,992.67.
Friday was again an absolute disaster for the broad U.S. markets. There didn’t seem to be anything positive about Friday, with the exception of gold and oil rising. The Nasdaq was the biggest loser of the group, it lost over 2% on the day, dropping over 150 points just ahead of the close. The S&P 500 sectors were all negative. The most “positive sector” was energy down 0.6%. The worst performing sectors were financials, technology, and health care down 3.0%, 2.5% and 2.0%, respectively.
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Crude oil was up 2.5% at $65.90.
Gold was up 1.6% at $1,348.60.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Friday was Western Digital Corp. (NASDAQ: WDC) which traded down about 8% at $92.43. The stock’s 52-week range is $76.59 to $106.96. Volume was just over 8 million compared to the daily average volume of 4.2 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was Foot Locker, Inc. (NYSE: FL) which rose about 4.5% to $43.75. The stock’s 52-week range is $28.42 to $77.86. Volume was nearly 5 million compared to the daily average volume of 3.8 million.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
