Wednesday’s Biggest Winners and Losers in the S&P 500
Wednesday was a mixed day for the broad U.S. markets. The S&P 500, Dow, and Nasdaq each couldn’t make up their minds on what to do Wednesday and bounced between positive and negative a few times, ultimately ending close to…
April 17, 2019: The S&P 500 closed flat at 2,900.44. The Dow closed flat at 26,449.74. Separately, the Nasdaq closed flat at 7,996.08.
Wednesday was a relatively down day for the broad U.S. markets. The S&P 500, Dow, and Nasdaq each couldn’t make up their minds on what to do Wednesday and bounced between positive and negative a few times, ultimately ending close to where they started. Right now, we are now in the midst of earnings season where a majority of companies will report and set a direction for the market. Also note that this is a truncated trading week with markets closed on Friday for Easter. Crude oil backed off slightly in the session. The S&P 500 sectors were more or less split down the middle. The most positive sectors were technology and consumer staples up 0.6% and 0.5%, respectively. The worst performing sectors were real estate and health care down 0.9% and 2.8%.
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Crude oil was last seen down 0.5% at $63.76.
Gold was last seen trading flat at $1,276.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was The Bank of New York Mellon Corp. (NYSE: BK | BK Price Prediction) which traded down about 10% at $48.16. The stock’s 52-week range is $43.67 to $58.22. Volume was about 13 million compared to the daily average volume of 4.6 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Qualcomm Inc. (NASDAQ: QCOM) which rose by about 12% to $79.11. The stock’s 52-week range is $48.56 to $82.52. Volume was 148 million compared to the daily average volume of 15.5 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.