Monday’s Biggest Winners and Losers in the S&P 500
Monday was a down day for the broad U.S. markets. The session started out on a very positive not but this quickly changed as the day went on with each of the major averages losing a fair amount in the…
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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.
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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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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.