Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a down day for the broad U.S. markets. The S&P 500 and DJIA started off negative but after the Fed announcement to not change rates, they saw some life. However, that’s not how the day ended. Crude oil…
March 20, 2019: The S&P 500 closed down 0.3% at 2,824.21. The DJIA closed down 0.6% at 25,746.15. Separately, the Nasdaq closed flat at 7,728.97.
Wednesday was a down day for the broad U.S. markets. The S&P 500 and DJIA started off negative but after the Fed announcement to maintain rates, they saw some life. However, that’s not how the day ended. Crude oil posted a solid gain in the session. The S&P 500 sectors were more or less split down the middle. The most positive sectors were energy and real estate up 1.1% and 0.4%, respectively. The worst performing sectors were financials care and industrials down 2.1% and 0.7%, respectively.
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Crude oil was last seen up 1.9% at $60.12.
Gold was last seen trading up 0.6% at $1,314.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Viacom Inc. (NASDAQ: VIAB) which traded down about 5% at $26.07. The stock’s 52-week range is $23.31 to $34.44. Volume was about 10 million compared to the daily average volume of 4.1 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Southwestern Energy Co. (NYSE: SWN) which rose by about 5% to $4.57. The stock’s 52-week range is $3.23 to $6.23. Volume was 17.7 million compared to the daily average volume of 17.6 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.
