December 4, 2018: The S&P 500 closed down 3.2% at 2,700.39. The DJIA closed down 3.1% at 25,031.41. Separately, the Nasdaq closed down 3.8% at 7,158.43.
Tuesday was a massively down day for the broad U.S. markets. Each of the major averages took a huge hit completely wiping out Monday’s gains. Crude oil was more or less flat on the day. The S&P 500 sectors were entirely negative. The most “positive” sector was utilities down less than 0.1%. The worst performing sectors were financial, industrial and technology down 4.4%, 4.1% and 3.7%, respectively.
Crude oil was last seen trading flat at $52.90.
Gold was last seen trading up 0.4% at $1,238.50.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was United Rentals, Inc. (NYSE: URI) which traded down about 11% at $106.16. The stock’s 52-week range is $105.95 to $190.74. Volume was roughly 3 million compared to the daily average volume of 2 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was AutoZone, Inc. (NYSE: AZO) which rose by about 7% to $881.24. The stock’s 52-week range is $590.76 to $893.18. Volume was about 1 million compared to the daily average volume of 343,000.