Monday’s Biggest Winners and Losers in the S&P 500
Monday was a down day for the broad U.S. markets. We are now in the busiest week of this earnings season with 12 Dow components reporting. If anything these major companies will set a direction for the markets going forward…
January 28, 2019: The S&P 500 closed down 0.8% at 2,643.78. The DJIA closed down 0.9% at 24,527.75. Separately, the Nasdaq closed down 1.1% at 7,085.68.
Monday was a down day for the broad U.S. markets. We are now in the busiest week of this earnings season with 12 Dow components reporting. If anything these major companies will set a direction for the markets going forward with this earnings season. The S&P 500 sectors were mostly negative. The most positive sectors were real estate and consumer staples up 0.8% and 0.4%, respectively. The worst performing sectors were technology and health care, down 1.5%, and 1.3%, respectively.
Crude oil was last seen down 2.8% at $52.17.
Gold was last seen trading up 0.3% at $1,301.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was NVIDIA Corp. (NASDAQ: NVDA | NVDA Price Prediction) which traded down about 14% at $138.01. The stock’s 52-week range is $124.46 to $292.76. Volume was roughly 61 million compared to the daily average volume of 17.3 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was American Airlines Group Inc. (NASDAQ: AAL) which rose by over 4% to $36.60. The stock’s 52-week range is $28.81 to $57.44. Volume was 13.5 million compared to the daily average volume of 9.1 million.
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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.