March 27, 2017: The S&P 500 closed lower on the day, down 0.10% and 2.39 points to 2,341.58. Separately the DJIA closed down 0.22% on the day at 20,550.98, down approximately 45.74 points. The broad markets traded lower initially on the day, although things picked up slightly from the open it was still a down day. Today marks the eighth straight day that the DJIA has closed lower, the first time that’s happened since August 2011.
Overall the market was fairly mixed in Monday’s session. The biggest losers on Monday were major telecoms, financial stocks in general especially REITs and brokerage firms. On the other hand, major drug manufacturers had a strong performance as well as hospital stocks.
Crude oil is continuing its journey below the $50 mark. Crude closed down 0.40% at $47.78.
Gold continued its push above the $1,200 level, up 0.52% or $6.50 on the day, closing at $1,255.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Freeport-McMoRan Inc. (NYSE: FCX) which traded down 4.7% at $12.20. The stock’s 52-week range is $8.76 to $17.06. Volume was roughly 33.4 million versus the daily average of 27.7 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was HCA Holdings, Inc. (NYSE: HCA) which jumped 5.2% to $90.49. The stock’s 52-week range is $67.00 to $91.03. Volume was 8.2 million which is above the daily average of around 2.3 million shares.
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