Tuesday’s Biggest Winners and Losers in the S&P 500
Tuesday 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…
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January 29, 2019: The S&P 500 closed down 0.2% at 2,640.01. The DJIA closed up 0.2% at 24,580.50. Separately, the Nasdaq closed down 0.8% at 7,028.29.
Tuesday 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 positive. The most positive sectors were industrials and materials up 1.3% and 1.0%, respectively. The worst performing sectors were technology and consumer discretionary, down 1.1%, and 0.7%, respectively.
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Crude oil was last seen up 2.3% at $53.20.
Gold was last seen trading up 0.6% at $1,310.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Allergan PLC (NYSE: AGN) which traded down about 9% at $144.99. The stock’s 52-week range is $125.84 to $197.00. Volume was roughly 6.7 million compared to the daily average volume of 2.8 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was PG&E Corp. (NYSE: PCG | PCG Price Prediction) which rose by over 16% to $13.99. The stock’s 52-week range is $5.07 to $49.42. Volume was 55.6 million compared to the daily average volume of 27.7 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.