April 11, 2018: The S&P 500 closed down 0.6% at 2,642.23. The DJIA closed down 0.9% at 24,189.73. Separately, the Nasdaq was down 0.4% at 7,069.03.
Wednesday was a down day for the broad U.S. markets with all three major indices pulling back after putting together a few consecutive days of gains. The pullback was not as bad as maybe would be expected considering the volatility. Facebook’s CEO Mark Zuckerberg continued his testimony on Capitol Hill, but tech stocks were less enthusiastic in Wednesday’s session. Crude oil made another solid day of gains. The S&P 500 sectors were mostly negative. The most positive sectors were industrials and technology up 0.3% and 0.1%, respectively. The worst performing sectors were materials and consumer staples down 1.3% and 0.8%, respectively.
Crude oil was up 1.9% at $66.73.
Gold was up 0.7% at $1,355.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Fastenal Company (NASDAQ: FAST) which traded down about 6% at $51.05. The stock’s 52-week range is $39.79 to $58.74. Volume was over 11 million compared to the daily average volume of nearly 3 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Diamond Offshore Drilling, Inc. (NYSE: DO) which rose about 8% to $18.30. The stock’s 52-week range is $10.06 to $20.41. Volume was 3 million compared to the daily average volume of 1.8 million.