Friday’s Biggest Winners and Losers in the S&P 500
Friday was a very negative day for the broad U.S. markets. The S&P 500 and DJIA gave back all of Thursday’s gains and then some. Although there were a couple positive days this week, Friday seemed to be the nail…
March 22, 2019: The S&P 500 closed down 1.9% at 2,800.80. The DJIA closed down 1.8% at 25,503.27. Separately, the Nasdaq closed down 2.5% at 7,642.67.
Friday was a very negative day for the broad U.S. markets. The S&P 500 and DJIA gave back all of Thursday’s gains and then some. Although there were a couple positive days this week, Friday seemed to be the nail in the coffin for an all-around loss. Crude oil again backed off in the session. The S&P 500 sectors were almost entirely negative. The most positive sectors were utilities and consumer staples up 0.8%, and 0.1%, respectively. The worst performing sectors were materials and financials down 3.0% and 2.7%, respectively.
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Crude oil was last seen down 1.8% at $58.92.
Gold was last seen trading up 0.4% at $1,313.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was SVB Financial Group (NASDAQ: SIVB) which traded down about 7% at $212.16. The stock’s 52-week range is $177.70 to $333.74. Volume was about 1.1 million compared to the daily average volume of about half a million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Tiffany & Co. (NYSE: TIF) which rose by about 3% to $103.20. The stock’s 52-week range is $73.04 to $141.64. Volume was 6.2 million compared to the daily average volume of 1.7 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.