August 30, 2018: The S&P 500 closed down 0.4% at 2,901.15. The DJIA closed down 0.5% at 25,987.13. Separately, the Nasdaq was also down 0.3% at 8,088.36.
Thursday was a down day for the broad U.S. markets, cutting off the streak of all-time highs that the S&P 500 and Nasdaq were hitting. Crude oil gained momentum ultimately ending the session on a positive note. The S&P 500 sectors were practically all negative. The most positive sector was utilities up 0.1%. The worst performing sectors were materials, industrials, and financials down 1.2%, 0.8%, and 0.7%, respectively.
Crude oil was last seen trading up 0.9% at $70.16.
Gold was last seen trading down 0.4% at $1,206.40.
The stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Dollar Tree, Inc. (NASDAQ: DLTR) which fell about 15% to $80.11. The stock’s 52-week range is $78.32 to $116.65. Volume was 25.4 million compared to the daily average volume of 3.2 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was H&R Block, Inc. (NYSE: HRB) which traded up about 4% at $27.40. The stock’s 52-week range is $22.45 to $29.81. Volume was 4 million compared to the daily average volume of 3.3 million.
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