December 17, 2018: The S&P 500 closed down 2.1% at 2,546.05. The DJIA closed down 2.1% at 23,596.88. Separately, the Nasdaq closed down 2.3% at 6,753.73.
Monday was a down day for the broad U.S. markets. Each of the major exchanges slid lower in the session almost cementing fears that we are in a bear market. Crude oil posted a big loss on the day dipping below $50. The S&P 500 sectors were entirely negative. The most “positive” sector was finance down 1.0%. The worst performing sectors were utilities and real estate down 3.2%, and 3.7%, respectively.
Crude oil was last seen down 4.0% at $49.13.
Gold was last seen trading up 0.7% at $1,249.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Xerox Corp. (NYSE: XRX) which traded down about 13% at $21.27. The stock’s 52-week range is $21.08 to $37.42. Volume was roughly 12 million compared to the daily average volume of 3.3 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was A. O. Smith Corp. (NYSE: AOS) which rose by more than 2% to $42.39. The stock’s 52-week range is $40.34 to $68.39. Volume was about 2.9 million compared to the daily average volume of 2.2 million.