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.
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.