October 18, 2018: The S&P 500 closed down 1.4% at 2,769.21. The DJIA closed down 1.3% at 25,382.37. Separately, the Nasdaq closed down 2.1% at 7,485.14.
Thursday was another bad day for the broad U.S. markets. The major averages continued to fall this week with the Nasdaq taking the worst punishment. Crude oil was also pounded in the session dropping further below $70. The S&P 500 sectors were mostly negative. The most positive sectors were utilities and real estate up 0.2%, and 0.1%, respectively. The worst performing sectors were technology and consumer discretionary down 2.0% and 1.9%, respectively
Crude oil was last seen trading down 1.4% at $68.80.
Gold was last seen trading flat at $1,229.30.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was United Rentals, Inc. (NYSE: URI) which fell by about 15% to $118.15. The stock’s 52-week range is $117.67 to $190.74. Volume was about 9 million compared to the daily average volume of 1.3 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Alcoa Corp. (NYSE: AA) which traded up over 6% at $38.83. The stock’s 52-week range is $35.13 to $62.35. Volume was over 13 million compared to the daily average volume of 4.5 million.