Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a down day for the broad U.S. markets, everything was somewhat mixed early in the day but around 2 pm Eastern it all went South. At that time, the FOMC released its minutes from its most recent meeting…
May 2, 2018: The S&P 500 closed down 0.7% at 2,635.61. The DJIA closed down 0.7% at 23,923.85. Separately, the Nasdaq was down 0.4% at 7,100.90.
Wednesday was a down day for the broad U.S. markets, with everything somewhat mixed early in the day then, around 2 pm Eastern, all going South. At that time, the FOMC released the minutes from its most recent meeting and decided to keep interest rates steady in the range. Crude oil made a small gain in the session. The S&P 500 sectors were almost entirely negative. The most positive sector was energy up 0.4%. The worst performing sectors were consumer staples, health care, and financials down 2.0%, 1.4%, and 1.2%, respectively.
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Crude oil was up 0.8% at $67.81.
Gold was flat at $1,305.50.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Unum Group (NYSE: UNM) which traded down about 17% at $39.80. The stock’s 52-week range is $39.63 to $58.73. Volume was 7.8 million compared to the daily average volume of 1.6 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Frontier Communications Corp. (NASDAQ: FTR) which rose about 27% to $10.38. The stock’s 52-week range is $6.08 to $26.85. Volume was 12.4 million compared to the daily average volume of 3.2 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.
