Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a solid recovery for the broad U.S. markets after a slow start to this shortened trading week. Crude oil saw also saw a big recovery in Wednesday’s session. The S&P 500 sectors were entirely positive.
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May 30, 2018: The S&P 500 closed up 1.3% at 2,724.08. The DJIA closed up 1.3% at 24,668.75. Separately, the Nasdaq was up 0.9% at 7,462.45.
Wednesday was a solid recovery for the broad U.S. markets after a slow start to this shortened trading week. Crude oil also saw a big recovery in Wednesday’s session. The S&P 500 sectors were entirely positive. The most positive sectors were energy and financials up 3.1% and 1.8%, respectively. The “worst” performing sectors were utilities and technology up 0.8% and 0.7% respectively.
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Crude oil was last seen trading up 2.3% at $68.29.
Gold was last seen trading flat at $1,306.60.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Michael Kors Holdings Limited (NYSE: KORS) which traded down about 12% at $60.05. The stock’s 52-week range is $32.38 to $70.00. Volume was roughly 17 million compared to the daily average volume of 1.9 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close was Monster Beverage Corp. (NASDAQ: MNST) which rose over 5% to $52.01. The stock’s 52-week range is $47.61 to $70.22. Volume was 8 million compared to the daily average volume of 3.7 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.
