November 7, 2018: The S&P 500 closed up 2.1% at 2,813.67. The DJIA closed up 2.1% at 26,178.27. Separately, the Nasdaq closed up 2.6% at 7,570.75.
Wednesday was a positive day for the broad U.S. markets. Each of the major averages tacked on a gain of at least 2% in the session. Crude oil turned lower yet again. The S&P 500 sectors were entirely positive. The most positive sectors were health care, technology, and consumer discretionary up 2.8%, 2.7%, and 2.5%, respectively. The “worst” performing sector was consumer staples up only 0.5%.
Crude oil was last seen trading down 0.9% at $61.64.
Gold was last seen trading flat at $1,227.00.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Michael Kors Holdings Limited (NYSE: KORS) which fell by about 15% to $48.58. The stock’s 52-week range is $47.47 to $75.96. Volume was over 14 million compared to the daily average volume of 2.4 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Cimarex Energy Co. (NYSE: XEC) which traded up about 11% at $92.67. The stock’s 52-week range is $77.63 to $130.16. Volume was over 5 million compared to the daily average volume of 1.5 million.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
