April 13, 2018: The S&P 500 closed down 0.3% at 2,656.31. The DJIA closed down 0.5% at 24,360.86. Separately, the Nasdaq was down 0.5% at 7,106.65.
Friday was a down day for the broad U.S. markets with all three major indices pulling back after what seemed like a promising opening for the session. Crude oil continued its climb to close out the week. Although this was a small gain crude is reaching even closer to $70. The S&P 500 sectors were more or less split down the middle. The most positive sectors were energy and utilities up 1.1%, and 0.7%, respectively. The worst performing sectors were financials and consumer discretionary which were down 1.5% and 0.5%, respectively.
Crude oil was up 0.3% at $67.28.
Gold was up 0.5% at $1,348.10.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Friday was The PNC Financial Services Group, Inc. (NYSE: PNC) which traded down about 4% at $145.63. The stock’s 52-week range is $115.45 to $163.59. Volume was over 4 million compared to the daily average volume of 2.3 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was Alaska Air Group, Inc. (NYSE: ALK) which rose about 6% to $64.10. The stock’s 52-week range is $57.60 to $95.75. Volume was over 4 million compared to the daily average volume of 2.7 million.