October 25, 2018: The S&P 500 closed up 1.9% at 2,705.73. The DJIA closed up 1.6% at 24,984.32. Separately, the Nasdaq closed up 3.0% at 7,318.34.
Thursday was a solid day for the broad U.S. markets. All of the major averages recovered handily in the session although not completely from the massive drop on Wednesday. Crude oil inched higher in the session. The S&P 500 sectors were almost entirely positive. The most positive sectors were technology, consumer discretionary, and financials up 3.6%, 3.1%, and 1.7%, respectively. The worst performing sector was utilities down 1.7%.
Crude oil was last seen trading up 0.5% at $67.17.
Gold was last seen trading flat at $1,232.70.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Align Technology, Inc. (NASDAQ: ALGN) which fell by over 20% to $230.51. The stock’s 52-week range is $199.45 to $398.88. Volume was 8.5 million compared to the daily average volume of less than 1 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Xilinx, Inc. (NASDAQ: XLNX) which traded up about 15% at $79.28. The stock’s 52-week range is $62.27 to $83.99. Volume was about 7.5 million compared to the daily average volume of less 2.5 million.