Tuesday’s Biggest Winners and Losers in the S&P 500
Tuesday was a rough day for the broad U.S. markets, although everything closed relatively flat. Crude oil again touched above $70 but ultimately fell off by the close. The S&P 500 sectors were mostly negative.
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May 8, 2018: The S&P 500 closed flat at 2,671.94. The DJIA closed flat at 24,360.31. Separately, the Nasdaq was flat at 7,266.90.
Tuesday was a rough day for the broad U.S. markets, although everything closed relatively flat. Crude oil again touched above $70 but ultimately fell off by the close. The S&P 500 sectors were mostly negative. The most positive sectors were energy and financials up 0.8% and 0.7%, respectively. The worst performing sectors were utilities, health care, and real estate down 2.5%, 0.8%, and 0.7% respectively.
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Crude oil was down 1.5% at $69.64.
Gold was flat at $1,316.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Frontier Communications Corp. (NASDAQ: FTR) which traded down about 7% at $9.78. The stock’s 52-week range is $6.08 to $23.10. Volume was 5.8 million compared to the daily average volume of 3.5 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Fossil Group, Inc. (NASDAQ: FOSL) which rose about 13% to $16.44. The stock’s 52-week range is $5.50 to $18.44. Volume was 7.3 million compared to the daily average volume of 3.0 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.
