Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a positive day for the broad U.S. markets, with the S&P 500 and Nasdaq again hitting new all-time highs in the session. Crude oil gained momentum as the day went on. The S&P 500 sectors were practically all…
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August 29, 2018: The S&P 500 closed up 0.6% at 2,914.09. The DJIA closed up 0.2% at 26,125.45. Separately, the Nasdaq was also up 1.0% at 8,109.69.
Wednesday was a positive day for the broad U.S. markets, with the S&P 500 and Nasdaq again hitting new all-time highs in the session. Crude oil gained momentum as the day went on. The S&P 500 sectors were practically all positive. The most positive sectors were technology and consumer discretionary up 0.9% and 1.1%, respectively. The worst performing sector was real estate which was flat.
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Crude oil was last seen trading up 1.7% at $69.68.
Gold was last seen trading down 0.2% at $1,212.20.
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 7% to $22.34. The stock’s 52-week range is $5.50 to $32.17. Volume was nearly 7 million compared to the daily average volume of 1.7 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Marathon Oil Corp. (NYSE: MRO) which traded up about 5% at $21.81. The stock’s 52-week range is $10.64 to $22.74. Volume was nearly 16 million compared to the daily average volume of 11 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.