April 12, 2018: The S&P 500 closed up 0.8% at 2,664.03. The DJIA closed up 1.2% at 24,482.39. Separately, the Nasdaq was up 1.0% at 7,140.25.
Thursday was another positive day for the broad U.S. markets. Although markets were solid throughout the day, there was a small dip at the end from some selling pressure. At the same time, crude oil continued to climb higher, reaching even closer to $70. The S&P 500 sectors were mostly positive. The most positive sectors were financials and industrials up 2.0%, and 1.6%, respectively. The worst performing sectors were utilities and real estate which were down 1.3% and 1.2%, respectively.
Crude oil was up 0.6% at $67.19.
Gold was down 1.7% at $1,337.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Frontier Communications Corp. (NASDAQ: FTR) which traded down about 8% at $8.12. The stock’s 52-week range is $6.08 to $30.75. Volume was nearly 4 million compared to the daily average volume of 3.2 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Incyte Corp. (NASDAQ: INCY) which rose about 5% to $69.83. The stock’s 52-week range is $67.13 to $142.45. Volume was 4.4 million compared to the daily average volume of 1.7 million.