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.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
