Tuesday’s Biggest Winners and Losers in the S&P 500
Tuesday started out as a positive day for the broad U.S. markets, but everything turned south as the day went on. The Dow was the first to turn negative, led lower by Boeing, the S&P 500 and Nasdaq would follow…
May 22, 2018: The S&P 500 closed down 0.3% at 2,724.61. The DJIA closed down 0.7% at 24,835.99. Separately, the Nasdaq was down 0.2% at 7,378.46.
Tuesday started out as a positive day for the broad U.S. markets, but everything turned south as the day went on. The Dow was the first to turn negative, led lower by Boeing; the S&P 500 and Nasdaq would follow but much later in the day. Crude oil pulled back only slightly in the session. The S&P 500 sectors were mostly negative. The most positive sectors were utilities and financials up 0.6% and 0.4%, respectively. The worst performing sectors were energy and industrials down 1.4% and 1.3%, respectively.
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Crude oil was down 0.2% at $72.09.
Gold was flat at $1,291.40.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was AutoZone, Inc. (NYSE: AZO) which traded down about 9.5% at $601.65. The stock’s 52-week range is $491.13 to $797.89. Volume was nearly 2 million compared to the daily average volume of nearly half a million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Micron Technology, Inc. (NASDAQ: MU) which rose about 6% to $59.60. The stock’s 52-week range is $26.85 to $63.42. Volume was 109 million compared to the daily average volume of 55 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.
