Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a down day for the broad U.S. markets. Despite a strong showing Tuesday, the bears won out in this session. Crude oil also suffered a massive drop in the session. The S&P 500 sectors were mostly negative.
October 17, 2018: The S&P 500 closed flat at 2,809.22. The DJIA closed down 0.4% at 25,708.82. Separately, the Nasdaq closed flat at 7,642.70.
Wednesday was a down day for the broad U.S. markets. Despite a strong showing just yesterday, the bears won today. Crude oil also suffered a massive drop in the session. The S&P 500 sectors were mostly negative. The most positive sectors were financials and health care up 0.6%, and 0.4%, respectively. The worst performing sectors were materials and energy, each up 1.0%.
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Crude oil was last seen trading down 2.7% at $70.00.
Gold was last seen trading down 0.4% at $1,226.30.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was International Business Machines Corp. (NYSE: IBM) which fell by about 8% to $133.53. The stock’s 52-week range is $133.42 to $171.13. Volume was about 18 million compared to the daily average volume of 4.6 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was United Continental Holdings, Inc. (NASDAQ: UAL) which traded up 6% at $88.50. The stock’s 52-week range is $56.51 to $91.39. Volume was over 9 million compared to the daily average volume of 3.3 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.