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.
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.