Thursday’s Biggest Winners and Losers in the S&P 500
Thursday was a down day for the broad U.S. markets. After these averages had seen some solid gains earlier this week (S&P 500 hitting an all-time high), it was time for the markets to pull back a little. Crude oil…
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August 23, 2018: The S&P 500 closed down 0.2% at 2,857.04. The DJIA closed down 0.3% at 25,657.39. Separately, the Nasdaq was flat at 7,878.46.
Thursday was a down day for the broad U.S. markets. After these averages had seen some solid gains earlier this week (S&P 500 hitting an all-time high), it was time for the markets to pull back a little. Crude oil mainly traded sideways in the session. The S&P 500 sectors were almost entirely negative. The most positive sector was technology up 0.1%. The worst performing sectors were materials and energy down 0.7% and 0.5%, respectively.
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Crude oil was last seen trading flat at $67.85.
Gold was last seen trading down 1.0% at $1,191.50.
The stock posting the largest daily percentage loss in the S&P 500 ahead of the close was L Brands, Inc. (NYSE: LB) which fell about 11% to $28.28. The stock’s 52-week range is $27.95 to $63.10. Volume was about 34.5 million compared to the daily average volume of 4.6 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Synopsys, Inc. (NASDAQ: SNPS) which traded up over 6% at $100.70. The stock’s 52-week range is $77.91 to $101.76. Volume was about 4 million compared to the daily average volume of nearly 1 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.