Tuesday’s Biggest Winners and Losers in the S&P 500
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…
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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%.
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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.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.