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.
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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