Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a mixed day for the broad U.S. markets. Crude oil backed off the most we have seen in the last couple of weeks. The S&P 500 sectors were more or less split down the middle.
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August 8, 2018: The S&P 500 closed flat at 2,857.77. The DJIA closed flat at 25,583.55. Separately, the Nasdaq was flat at 7,888.33.
Wednesday was a mixed day for the broad U.S. markets. Crude oil backed off the most we have seen in the last couple of weeks. The S&P 500 sectors were more or less split down the middle. The most positive sectors were technology and financials up 0.4% and 0.4%, respectively. The worst performing sectors were consumer staples and energy down 0.7% and 0.6%, respectively.
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Crude oil was last seen trading down 3.3% at $66.81.
Gold was last seen trading up 0.3% at $1,221.50.
The stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Fossil Group, Inc. (NASDAQ: FOSL) which fell about 12% to $23.23. The stock’s 52-week range is $5.50 to $32.17. Volume was about 10 million compared to the daily average volume of 1.8 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Michael Kors Holdings Limited (NYSE: KORS) which traded up over 6% at $69.87. The stock’s 52-week range is $41.47 to $70.99. Volume was about 8 million compared to the daily average volume of 2.7 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.