Thursday’s Biggest Winners and Losers in the S&P 500
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…
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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.
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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.
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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.
