February 27, 2019: The S&P 500 closed flat at 2,792.34. The DJIA closed down 0.3% at 25,985.50. Separately, the Nasdaq closed flat at 7,554.51.
Wednesday was a relatively flat day for the broad U.S. markets. We saw Best Buy’s report lead retailers today. And as this week goes on we are looking forward to some more major retailers posting their quarterly results. Crude oil made a solid gain in the session. The S&P 500 sectors were more or less split down the middle. The most positive sectors were industrials and financials up 0.4% each. The worst performing sectors were real estate and health care, down 0.4% and 0.5%, respectively.
Crude oil was last seen up 2.7% at $56.98.
Gold was last seen trading down 0.5% at $1,321.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Mylan N.V. (NASDAQ: MYL) which traded down about 15% at $26.01. The stock’s 52-week range is $26.00 to $44.18. Volume was about 24.4 million compared to the daily average volume of 4.5 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was Best Buy Co., Inc. (NYSE: BBY) which rose by over 14% to $68.82. The stock’s 52-week range is $47.72 to $84.37. Volume was about 17.4 million compared to the daily average volume of 3.7 million.
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