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.
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.