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.
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.