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…
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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.
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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.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
