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 writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
