January 30, 2019: The S&P 500 closed up 1.6% at 2,681.32. The DJIA closed up 1.8% at 25,015.98. Separately, the Nasdaq closed up 2.2% at 7,183.08.
Wednesday was a positive day for the broad U.S. markets. We are near the end of the busiest week of this earnings season with 12 Dow components reporting. After solid results from a few companies reporting late Tuesday and early Wednesday the broad markets seem to be back on track. The S&P 500 sectors were entirely positive. The most positive sectors were technology, consumer discretionary, and industrials up 3.0%, 1.9% and 1.6%, respectively. The worst performing sector was financial up only 0.4%.
Crude oil was last seen up 1.8% at $54.27.
Gold was last seen trading up 0.7% at $1,324.50.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Juniper Networks, Inc. (NYSE: JNPR) which traded down about 7% at $25.92. The stock’s 52-week range is $23.61 to $30.80. Volume was roughly 15.6 million compared to the daily average volume of 3.8 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was Stryker Corp. (NYSE: SYK) which rose by over 11% to $179.41. The stock’s 52-week range is $144.75 to $181.10. Volume was 5.2 million compared to the daily average volume of 1.5 million.