Thursday’s Biggest Winners and Losers in the S&P 500
Thursday was a solid day for the broad U.S. markets, with each index posting a gain of at least 1.3%. What stands out about Thursday is that momentum slowly built over the course of the day as opposed to within…
March 29, 2018: The S&P 500 closed up 1.4% at 2,641.89. The DJIA closed up 1.3% at 24,160.05. Separately, the Nasdaq was up 1.6% at 7,063.44.
Thursday was a solid day for the broad U.S. markets, with each index posting a gain of at least 1.3%. What stands out about Thursday is that momentum slowly built over the course of the day as opposed to within just the last hour of trading. Crude oil also posted a handy recovery from Wednesday. The S&P 500 sectors were almost entirely positive. The most positive sectors were energy, technology, and materials up 2.1%, 2.0%, and 1.9%, respectively. The “worst” performing sector was real estate which was just flat on the day.
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Crude oil was up 0.8% at $64.90.
Gold was relatively flat at $1,328.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Walgreens Boots Alliance, Inc. (NASDAQ: WBA) which traded down about 3% at $65.47. The stock’s 52-week range is $63.82 to $89.69. Volume was 8 million compared to the daily average volume of 5.8 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Centene Corp. (NYSE: CNC) which rose over 6% to $106.83. The stock’s 52-week range is $69.20 to $112.42. Volume was 1.8 million compared to the daily average volume of 1.4 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.
