Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a positive day for the broad U.S. markets. This was another solid day for the major exchanges, and bank earnings seem to be leading the charge. Even though earnings season is just starting, it looks to be ramping…
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January 16, 2019: The S&P 500 closed up 0.2% at 2,615.85. The DJIA closed up 0.6% at 24,202.55. Separately, the Nasdaq closed up 0.2% at 7,034.69.
Wednesday was a positive day for the broad U.S. markets. This was another solid day for the major exchanges, and bank earnings seem to be leading the charge. Even though earnings season is just starting, it looks to be ramping up big after what was a dismal December. Crude oil took another small step forward in the session. The S&P 500 sectors were mostly positive. The most positive sectors were financials and real estate up 2.1% and 0.6%. The worst performing sectors were consumer staples and consumer discretionary which were down 0.6% and 0.3%, respectively.
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Crude oil was last seen up 0.5% at $52.35.
Gold was last seen trading up 0.4% at $1,292.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Ford Motor Co. (NYSE: F | F Price Prediction) which traded down over 6% at $8.29. The stock’s 52-week range is $7.41 to $12.58. Volume was roughly 69 million compared to the daily average volume of 48.5 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was The Goldman Sachs Group, Inc. (NYSE: GS) which rose by about 10% to $197.24. The stock’s 52-week range is $151.70 to $275.31. Volume was over 14 million compared to the daily average volume of 4.2 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.