October 16, 2018: The S&P 500 closed up 2.1% at 2,809.80. The DJIA closed up 2.2% at 25,793.95. Separately, the Nasdaq closed up 2.9% at 7,645.49.
Tuesday was a positive day for the broad U.S. markets. All of the major averages posted over a 2% gain on the day recovering from the 4% drop that they saw last week. Crude oil was relatively flat in the session. The S&P 500 sectors were entirely positive. The most positive sectors were technology, health care, and real estate up 3.0%, 2.8%, and 1.9%, respectively. The “worst” performing sector was energy up only 0.9%.
Crude oil was last seen trading flat at $71.86.
Gold was last seen trading flat at $1,229.20.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was W.W. Grainger, Inc. (NYSE: GWW) which fell by about 12% to $280.00. The stock’s 52-week range is $186.43 to $372.06. Volume was just over 4 million compared to the daily average volume of about half a million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Adobe Inc. (NASDAQ: ADBE) which traded up nearly 10% at $260.78. The stock’s 52-week range is $148.15 to $277.61. Volume was nearly 8 million compared to the daily average volume of about 3 million.