Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a positive day for the broad U.S. markets. Crude oil continued its progress, although the gain was only marginal. The S&P 500 sectors were mostly positive.
May 16, 2018: The S&P 500 closed up 0.4% at 2,722.49. The DJIA closed up 0.3% at 24,769.14. Separately, the Nasdaq was up 0.6% at 7,398.30.
Wednesday was a positive day for the broad U.S. markets. Crude oil continued its progress, although the gain was only marginal. The S&P 500 sectors were mostly positive. The most positive sectors were materials and consumer discretionary, up 1.2% and 0.8%, respectively. The worst performing sectors were utilities and real estate down 0.8%, and 0.3%, respectively.
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Crude oil was up 0.2% at $71.42.
Gold was flat at $1,290.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was IDEXX Laboratories, Inc. (NASDAQ: IDXX) which traded down about 4.5% at $199.42. The stock’s 52-week range is $146.09 to $217.89. Volume was 1.5 million compared to the daily average volume of less than half a million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Macy’s, Inc. (NYSE: M) which rose about 11% to $33.16. The stock’s 52-week range is $17.41 to $33.40. Volume was 52 million compared to the daily average volume of 10 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.
