Thursday’s Biggest Winners and Losers in the S&P 500
Thursday was a down day for the broad U.S. markets. After a fairly decent Wednesday, markets as a whole took a sharp turn downward. Perhaps a driving force from this was Apple lowering its projections for iPhone sales. Crude oil…
January 3, 2019: The S&P 500 closed down 2.5% at 2,447.96. The DJIA closed down 2.8% at 22,686.36. Separately, the Nasdaq closed down 3.0% at 6,463.50.
Thursday was a down day for the broad U.S. markets. After a fairly decent Wednesday, markets as a whole took a sharp turn downward. Perhaps a driving force for this was Apple lowering its projections for iPhone sales. Crude oil made a handy gain in the session. The S&P 500 sectors were mostly negative. The most positive sectors were real estate and utilities up 0.7% and 0.3%, respectively. The worst performing sectors were technology and industrials down 4.7% and 2.8%, respectively.
[nativounit]
Crude oil was last seen up 1.3% at $47.14.
Gold was last seen trading up 0.8% at $1,294.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Bristol-Myers Squibb Co. (NYSE: BMY | BMY Price Prediction) which traded down over 13% at $45.12. The stock’s 52-week range is $44.30 to $70.05. Volume was roughly 78.2 million compared to the daily average volume of 9.3 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was The Celgene Corp. (NASDAQ: CELG) which rose by about 21% to $80.43. The stock’s 52-week range is $58.59 to $109.98. Volume was 77.5 million compared to the daily average volume of 6.6 million.
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
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.
