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.
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) 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.