October 11, 2018: The S&P 500 closed down 2.1% at 2,728.35. The DJIA closed down 2.1% at 25,052.16. Separately, the Nasdaq closed down 1.3% at 7,329.06.
Thursday was another bad day for the broad U.S. markets. The Dow and the S&P 500 each dropped over 2% in the session, while the Nasdaq got away with a loss of about 1%. Crude oil posted another significant drop pulling back from $75 earlier this week to closer to $70 now. The S&P 500 sectors were entirely negative. The most “positive” sector was materials down 1.2%. The worst performing sectors were energy, real estate, and finance down 3.4%, 2.9% and 2.9%, respectively.
Crude oil was last seen trading down 3.1% at $70.88.
Gold was last seen trading up 2.7% at $1,225.90.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Fluor Corp. (NYSE: FLR) which fell by about 17% to $46.49. The stock’s 52-week range is $42.27 to $62.09. Volume was over 6 million compared to the daily average volume of 1.1 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Newmont Mining Corp. (NYSE: NEM) which traded up over 7% at $32.78. The stock’s 52-week range is $29.16 to $42.04. Volume was over 11 million compared to the daily average volume of 5.4 million.
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