Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was another down day for the broad U.S. markets. The S&P 500 and Dow have practically sold off all of their gains in 2018, while the Nasdaq is holding on to a tiny gain for the year. Each of…
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October 24, 2018: The S&P 500 closed down 3.1% at 2,656.29. The DJIA closed down 2.4% at 24,584.50. Separately, the Nasdaq closed down 4.4% at 7,108.40.
Wednesday was another down day for the broad U.S. markets. The S&P 500 and Dow have officially turned negative in 2018, while the Nasdaq is holding on to a tiny gain for the year. Each of the averages lost more than 2%, with the Nasdaq taking the worst beating on the day. Crude oil more or less traded sideways in the session. The S&P 500 sectors were mostly negative. The most positive sectors were real estate and utilities up 1.5%, and 2.6%, respectively. The worst performing sectors were energy and technology down 3.3% and 3.6%, respectively.
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Crude oil was last seen trading flat at $66.34.
Gold was last seen trading flat at $1,235.80.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Frontier Communications Corp. (NASDAQ: FTR) which fell by over 10% to $4.67. The stock’s 52-week range is $4.52 to $12.19. Volume was 3.8 million compared to the daily average volume of 3.2 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Varian Medical Systems, Inc. (NYSE: VAR) which traded up about 8% at $113.08. The stock’s 52-week range is $99.00 to $130.29. Volume was about 2.6 million compared to the daily average volume of less than 1 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.
