Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a solid day for the broad U.S. markets. Despite Halloween falling on today, the markets were not scared and pushed higher for a solid gain on the week thus far. Crude oil dropped yet again in the session.…
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October 31, 2018: The S&P 500 closed up 1.1% at 2,711.59. The DJIA closed up 1.0% at 25,117.22. Separately, the Nasdaq closed up 2.0% at 7,305.90.
Wednesday was a solid day for the broad U.S. markets. Despite Halloween falling on today, the markets were not scared and pushed higher for a solid gain on the week thus far. Crude oil dropped yet again in the session. The S&P 500 sectors were mostly positive. The most positive sectors were technology and financial up 2.6% and 1.7%, respectively. The worst performing sectors were real estate and utilities down 1.3% and 1.1%, respectively.
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Crude oil was last seen trading down 1.6% at $65.10.
Gold was last seen trading down 0.8% at $1,215.90.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close Kellogg Co. (NYSE: K) which fell by about 9% to $65.44. The stock’s 52-week range is $56.40 to $74.98. Volume was nearly 8 million compared to the daily average volume of 1.8 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Molson Coors Brewing Co. (NYSE: TAP) which traded up about 10% at $63.96. The stock’s 52-week range is $55.52 to $85.86. Volume was 5.6 million compared to the daily average volume of 2 million.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.