Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday started out as a down day for the broad U.S. markets, but everything turned around as the day went on. Crude oil continued its pull back in this session. The S&P 500 sectors were more or less split down…
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May 23, 2018: The S&P 500 closed up 0.3% at 2,733.26. The DJIA closed up 0.2% at 24,886.60. Separately, the Nasdaq was up 0.6% at 7,425.96
Wednesday started out as a down day for the broad U.S. markets, but everything turned around as the day went on. Crude oil continued its pull back in this session. The S&P 500 sectors were more or less split down the middle. The most positive sectors were utilities and real estate up 1.0% and 0.8%, respectively. The worst performing sectors were financial and materials down 0.6% and 0.2%, respectively.
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Crude oil was down 0.7% at $71.70.
Gold was flat at $1,293.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Frontier Communications Corp. (NASDAQ: FTR) which traded down about 12% at $8.35. The stock’s 52-week range is $6.08 to $21.30. Volume was roughly 6 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 Wednesday was Tiffany & Co. (NYSE: TIF) which rose about 23% to $126.24. The stock’s 52-week range is $84.15 to $126.64. Volume was 12 million compared to the daily average volume of 1.6 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.
