Tuesday’s Biggest Winners and Losers in the S&P 500
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…
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.
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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.
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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.
