December 7, 2018: The S&P 500 closed down 2.3% at 2,633.06. The DJIA closed down 2.2% at 24,388.41. Separately, the Nasdaq closed down 3.1% at 6,969.25.
Friday was a down day for the broad U.S. markets. Each of the major averages fell more than 2% to end the session. Crude oil posted a massive gain on the day. The S&P 500 sectors were almost entirely negative with one exception. The most positive sector was utilities up 0.4%. The worst performing sectors were technology, consumer staples and industrials down 3.5%, 3.0%, and 2.6%, respectively.
Crude oil was last seen trading up 4.2% at $53.66.
Gold was last seen trading up 0.6% at $1,251.10.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was The Cooper Companies, Inc. (NYSE: COO) which traded down about 12% at $243.47. The stock’s 52-week range is $216.47 to $283.18. Volume was roughly 1.2 million compared to the daily average volume of 300,000.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was EQT Corp. (NYSE: EQT) which rose by over 2% to $18.45. The stock’s 52-week range is $16.29 to $32.48. Volume was about 4.5 million compared to the daily average volume of 9.8 million.