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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