October 29, 2018: The S&P 500 closed down 0.7% at 2,641.16. The DJIA closed down 1.0% at 24,443.53. Separately, the Nasdaq closed down 1.6% at 7,050.29.
Monday was a down day for the broad U.S. markets. The session started out on a very positive note but this quickly changed as the day went on with each of the major averages posting a fair loss on the day. Crude oil dropped again in the session. The S&P 500 sectors were mostly negative. The most positive sectors were real estate and utilities up 1.1% and 1.0%, respectively. The worst performing sectors were technology, energy, and industrials down 3.4%, 3.0%, and 2.9%, respectively.
Crude oil was last seen trading down 1.4% at $66.63.
Gold was last seen trading down 0.4% at $1,230.40.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was L3 Technologies, Inc. (NYSE: LLL) which fell by over 9% to $185.00. The stock’s 52-week range is $180.24 to $223.73. Volume was over 30 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 Red Hat, Inc. (NYSE: RHT) which traded up about 45% at $169.96. The stock’s 52-week range is $115.31 to $174.40. Volume was about 1.3 million compared to the daily average volume of 1.9 million.
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