May 31, 2018: The S&P 500 closed down 0.7% at 2,705.25. The DJIA closed down 1.0% at 24,416.26. Separately, the Nasdaq was down 0.3% at 7,442.12.
Thursday was a down day for the broad U.S. markets after what was an excellent recovery on Wednesday. Crude oil backed off again, counteracting most of the gains from Wednesday. The S&P 500 sectors were almost entirely negative. The most positive sector was utilities up 0.1%. The worst performing sectors were consumer staples, industrials, and health care down 1.6%, 1.5% and 1.1% respectively.
Crude oil was last seen trading down 1.6% at $67.11.
Gold was last seen trading flat at $1,304.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Dollar Tree, Inc. (NASDAQ: DLTR) which traded down about 15% at $82.27. The stock’s 52-week range is $65.63 to $116.65. Volume was roughly 18 million compared to the daily average volume of 3 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close was General Motors Co. (NYSE: GM) which rose about 13% to $42.69. The stock’s 52-week range is $33.05 to $46.76. Volume was 54.5 million compared to the daily average volume of 11.1 million.