Tuesday’s Biggest Winners and Losers in the S&P 500
Tuesday was a mixed day for the broad U.S. markets, although each of the major indices started out the day negative only the Nasdaq and S&P 500 closed up. While most of the market was lower in the session technology…
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May 1, 2018: The S&P 500 closed up 0.3% at 2,654.46. The DJIA closed down 0.3% at 24,095.12. Separately, the Nasdaq was up 0.9% at 7,130.70.
Tuesday was a mixed day for the broad U.S. markets, although each of the major indices started out the day negative only the Nasdaq and S&P 500 closed up. While most of the market was lower in the session technology stocks saw a big boost. Crude oil pulled back in the session and is about $2.50 away from $70. The S&P 500 sectors were mostly negative. The most positive sectors were technology and real estate up 1.3% and 0.7%, respectively. The worst performing sectors were consumer staples and energy down 0.8% and 0.7%, respectively.
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Crude oil was down 1.6% at $67.47.
Gold was down 1.0% at $1,306.50.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Seagate Technology PLC (NASDAQ: STX) which traded down over 6% at $54.17. The stock’s 52-week range is $30.60 to $62.70. Volume was 15.6 million compared to the daily average volume of 4.1 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Qorvo, Inc. (NASDAQ: QRVO) which rose about 6% to $71.66. The stock’s 52-week range is $62.68 to $86.84. Volume was 2.3 million compared to the daily average volume of 2.1 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.
