October 4, 2018: The S&P 500 closed down 0.8% at 2,901.59. The DJIA closed down 0.8% at 26,627.89. Separately, the Nasdaq closed down 1.8% at 7,879.51.
Thursday was a down day for the broad U.S. markets, with each of the major indices notching a loss in the session. The Nasdaq took the worst of it seeing one of its worst days in 2018. Crude oil pushed back against the gains that it had earlier this week. The S&P 500 sectors were mostly negative. The most positive sectors were finance and utilities down 0.7% and 0.5%, respectively. The worst performing sectors were technology and consumer discretionary down 1.7% and 1.4%, respectively.
Crude oil was last seen trading down 2.6% at $74.41.
Gold was last seen trading flat at $1,203.10.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Incyte Corp. (NASDAQ: INCY) which fell about 5% to $66.14. The stock’s 52-week range is $60.23 to $117.95. Volume was 1 million compared to the daily average volume of 1.4 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Constellation Brands, Inc. (NYSE: STZ) which traded up about 5% at $222.27. The stock’s 52-week range is $198.85 to $236.62. Volume was about 7 million compared to the daily average volume of 2.1 million.
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