Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a mixed day for the broad U.S. markets, with each index shifting from positive to negative multiple times throughout the day. On the downside, crude oil continued its pullback. The S&P 500 sectors were more or less split…
March 28, 2018: The S&P 500 closed down 0.3% at 2,604.99. The DJIA closed relatively flat at 23,847.52. Separately, the Nasdaq was down 0.9% at 6,949.23.
Wednesday was a down day for the broad U.S. markets, with each index shifting from positive to negative multiple times throughout the day. On the downside, crude oil continued its pullback. The S&P 500 sectors were more or less split down the middle. The most positive sectors were real estate and consumer staples up 1.9% and 1.6%, respectively. The worst performing sectors were energy and materials down 1.7% and 1.1%, respectively.
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Crude oil was down 0.8% at $64.71.
Gold was down 1.4% at $1,329.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Concho Resources Inc. (NYSE: CXO) which traded down about 9% at $143.15. The stock’s 52-week range is $106.73 to $162.91. Volume was 11.8 million compared to the daily average volume of 1.3 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Macy’s, Inc. (NYSE: M) which rose about 4% to $29.00. The stock’s 52-week range is $17.41 to $31.04. Volume was nearly 11 million compared to the daily average volume of 11 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.
