October 23, 2018: The S&P 500 closed down 0.6% at 2,740.58. The DJIA closed down 0.5% at 25,190.00. Separately, the Nasdaq closed down 0.4% at 7,438.24.
Tuesday was a down day for the broad U.S. markets. When trading opened Tuesday it looked like a complete disaster, but as the day went on the markets slowly recovered. Crude oil was crushed in the session. The S&P 500 sectors were mostly negative. The most positive sectors were real estate and consumer staples up 0.7%, and 0.4%, respectively. The worst performing sectors were energy and industrials down 2.4% and 1.4%, respectively.
Crude oil was last seen trading down 4.2% at $66.45.
Gold was last seen trading up 0.7% at $1,223.70.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Caterpillar Inc. (NYSE: CAT) which fell by over 7% to $119.18. The stock’s 52-week range is $115.62 to $173.24. Volume was over 23 million compared to the daily average volume of 4.8 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Cadence Design Systems, Inc. (NASDAQ: CDNS) which traded up about 15% at $46.94. The stock’s 52-week range is $35.49 to $47.40. Volume was about 8 million compared to the daily average volume of 1.6 million.
Sponsored: Find a Qualified Financial Advisor:
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.