Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a positive day for the broad U.S. markets, with oil hitting and holding above a key milestone. Crude oil reached above $70 in a truly massive move. The S&P 500 sectors were almost entirely positive.
May 9, 2018: The S&P 500 closed up 1.0% at 2,697.81. The DJIA closed up 0.8% at 24,542.81. Separately, the Nasdaq was up 1.0% at 7,339.91.
Wednesday was a positive day for the broad U.S. markets with oil hitting and holding above a key milestone. Crude oil reached above $71 in a truly massive move. The S&P 500 sectors were almost entirely positive. The most positive sectors were energy, financials, and materials up 1.9%, 1.4%, and 1.4%, respectively. The worst performing sector was utilities down 0.7%.
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Crude oil was up 3.0% at $71.14.
Gold was down 0.2% at $1,311.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Dover Corp. (NYSE: DOV) which traded down about 18% at $76.68. The stock’s 52-week range is $75.88 to $109.06. Volume was 3.7 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 TripAdvisor, Inc. (NASDAQ: TRIP) which rose about 22% to $47.51. The stock’s 52-week range is $29.50 to $50.95. Volume was 18 million compared to the daily average volume of 2.7 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.
