Friday’s Biggest Winners and Losers in the S&P 500
Friday was a solid day for the broad U.S. markets closing out what has been a tumultuous week. Crude oil backed off again, pushing even closer to $65. The S&P 500 sectors were almost entirely positive with one glaring exception.
June 1, 2018: The S&P 500 closed up 1.1% at 2,734.42. The DJIA closed up 0.9% at 24,634.49. Separately, the Nasdaq was up 1.5% at 7,554.33.
Friday was a solid day for the broad U.S. markets closing out what has been a tumultuous week. Crude oil backed off again, dropping even closer to $65. The S&P 500 sectors were almost entirely positive with one glaring exception. The most positive sectors were materials, technology, and financials up 1.5%, 1.6%, and 1.1%. The worst performing sector was utilities down 1.5%.
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Crude oil was last seen trading down 2.1% at $65.66.
Gold was last seen trading down 0.6% at $1,297.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Concho Resources Inc. (NYSE: CXO) which traded down about 6% at $129.18. The stock’s 52-week range is $106.73 to $163.11. Volume was 5.1 million compared to the daily average volume of 2 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close was TripAdvisor, Inc. (NASDAQ: TRIP) which rose nearly 6% to $55.21. The stock’s 52-week range is $29.50 to $55.18. Volume was 7.6 million compared to the daily average volume of 2.5 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.
