Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a mixed day for the broad U.S. markets, with each one of the major averages going in a different direction. Crude oil posted another solid gain in the session. The S&P 500 sectors were more or less split…
August 22, 2018: The S&P 500 closed flat at 2,861.85. The DJIA closed down 0.3% at 25,734.01. Separately, the Nasdaq was up 0.4% at 7,889.10.
Wednesday was a mixed day for the broad U.S. markets, with each of the major index averages going in a different direction. Crude oil posted another solid gain in the session. The S&P 500 sectors were more or less split down the middle. The most positive sectors were energy and technology up 1.4% and 0.4%, respectively. The worst performing sectors were utilities and industrials down 0.9% and 0.8%, respectively.
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Crude oil was last seen trading up 3.2% at $67.96.
Gold was last seen trading up 0.5% at $1,203.00.
The stock posting the largest daily percentage loss in the S&P 500 ahead of the close was CenturyLink, Inc. (NYSE: CTL) which fell about 6.5% to $22.43. The stock’s 52-week range is $13.16 to $24.20. Volume was about 20 million compared to the daily average volume of 9.1 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Lowe’s Corp. (NYSE: LOW) which traded up over 5% at $105.39. The stock’s 52-week range is $70.76 to $109.80. Volume was nearly 24 million compared to the daily average volume of 4.6 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.