April 1, 2019: The S&P 500 closed up 1.2% at 2,867.11. The DJIA closed up 1.3% at 26,258.21. Separately, the Nasdaq closed up 1.3% at 7,828.91.
Monday was a positive day for the broad U.S. markets. Although it was April Fool’s Day, the S&P 500 and DJIA were not joking when they notched over a 1% gain each on the day. In a shocking reversal from Friday, the ride-sharing company Lyft gave back all its gains and then some bringing up more questions for what the IPO market could look like this year. Crude oil posted a solid gain in the session. The S&P 500 sectors were mostly positive. The most positive sectors were financials and industrials up 2.4%, and 2.0%, respectively. The worst performing sectors were utilities and real estate down 0.8% and 0.4%, respectively.
Crude oil was last seen up 2.5% at $61.62.
Gold was last seen trading down 0.4% at $1,292.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was AbioMed, Inc. (NASDAQ: ABMD) which traded down about 3% at $277.76. The stock’s 52-week range is $272.17 to $459.75. Volume was about 0.7 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 Delphi Technologies PLC (NYSE: DLPH) which rose by about 8% to $20.85. The stock’s 52-week range is $13.18 to $53.78. Volume was 1.4 million compared to the daily average volume of 1.3 million.
