October 12, 2018: The S&P 500 closed up 1.4% at 2,766.95. The DJIA closed up 1.1% at 25,336.67. Separately, the Nasdaq closed up 2.3% at 7,496.89.
Friday was a solid day for the broad U.S. markets, bouncing back from the devastating drop on Wednesday and Thursday. Each of the major averages gained over 1% in the session with the Nasdaq posting the strongest performance. Crude oil posted a nice gain in Friday’s session but still ended the week lower. The S&P 500 sectors were entirely positive. The most positive sectors were technology, consumer discretionary, and health care up 3.5%, 2.2%, and 1.9%, respectively. The “worst” performing sector was utilities up only 0.1%.
Crude oil was last seen trading up 0.9% at $71.64.
Gold was last seen trading down 0.5% at $1,221.60.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Frontier Communications Corp. (NASDAQ: FTR) which fell by about 9% to $5.37. The stock’s 52-week range is $4.52 to $12.19. Volume was 5.5 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 Netflix, Inc. (NASDAQ: NFLX) which traded up over 5% at $339.56. The stock’s 52-week range is $178.38 to $423.21. Volume was over 14 million compared to the daily average volume of 11.2 million.
The Modern Investment App For a Richer Tomorrow (Sponsored)
Robinhood set out to democratize investing to individuals, and it’s not slowing down. The app makes it possible to buy and sell stocks, mutual funds, trade options, and even cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
With FDIC insurance ,an award winning design, and benefits like IRAs and more, Robinhood could be your path to a richer tomorrow.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.