April 3, 2017: The S&P 500 closed lower on the day, down 0.16% and 3.84 points to 2,358.87. Separately the DJIA closed down 0.06% on the day at 20,651.17, down approximately 12.05 points.
The broad markets traded relatively flat on Monday. The sectors slowing down the market were practically anything tied to autos, including manufacturers, dealerships, parts manufacturers, and auto parts stores. These were largely affected by slumping auto sales that were reported Monday morning. Health care providers were positive for the most part, as well as a few major tech companies. Otherwise, the markets were largely mixed.
Crude oil turned lower to kick off the week, but it was still holding above the $50 mark. In Monday’s session crude closed down 0.5% at $50.33.
Gold rose slightly on the day up 0.26% or $3.20 on the day, closing at $1,254.40.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was O’Reilly Automotive, Inc. (NASDAQ: ORLY) which traded down 4.5% at $257.59. The stock’s 52-week range is $248.02 to $292.84. Volume was roughly 2.2 million versus the daily average of 912,700 shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Newmont Mining Corp. (NYSE: NEM) which jumped 2.8% to $33.87. The stock’s 52-week range is $26.12 to $46.07. Volume was 3.5 million which is below the daily average of around 6.8 million shares.
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