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%.
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.