Source: ThinkstockMay 31, 2017: The S&P 500 closed lower on the day, down 0.05% at 2,411.73. Separately the DJIA closed down 0.11% at 21,005.93. The Nasdaq also closed down 0.08% at 6,198.52.
In Wednesdays session the markets were largely negative with major money center banks leading the charge down, other investment houses were negative as well. Although crude oil pushed much lower, not all of the oil & gas stocks took the plunge; in fact, a few like Schlumberger and Haliburton were actually positive on the day. The health care and utilities seemed to be the only positive performing sectors for the day.
Crude oil took a big hit on Wednesday and was last trading down close to 3% at $48.24.
Gold, however, was up 0.5% closing at $1,272.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Michael Kors Holdings Limited (NYSE: KORS) which traded down about 9% at $33.06. The stocks 52-week range is $32.39 to $53.29. Volume was about 15 million versus the daily average of 2.0 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Vertex Pharmaceuticals Inc. (NASDAQ: VRTX), which rose 2.7% to $123.66. The stocks 52-week range is $52.17 to $90.49. Volume was roughly 2.1 million on the day compared to the average of 1.9 million.
Source: ThinkstockMarch 29, 2017: The S&P 500 closed higher on the day, up 0.11 % and 2.56 points to 2,361.14. Separately the DJIA closed down 0.20% on the day at 20,659.39, down approximately 42.11 points. The question remains if the DJIA gain on Tuesday was just a head fake as the index is lower versus the Nasdaq and the S&P500.
The recovery that oil has made on Tuesday and Wednesday has driven the energy sector higher with a large number of companies posting gains over 1% to 2%, some even as high as 8%. Other green arrows were seen in large-cap tech stocks, department stores, and textiles. On the other hand, major financial stocks were fairly negative as well as practically the entire utilities sector.
Crude oil actually pushed higher in Wednesdays session up 2.2% at $49.44.
Gold, while still above the $1,200 level, dropped slightly on the day, down 0.2% or $2.80 on the day, closing at $1,252.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was F5 Networks, Inc. (NASDAQ: FFIV) which traded down 3.4% at $142.09. The stocks 52-week range is $93.64 to $149.50. Volume was roughly 1.4 million versus the daily average of 673,000 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) which jumped 19% to $106.93. The stocks 52-week range is $71.46 to $111.88. Volume was 13.1 million which is above the daily average of around 1.6 million shares.