April 11, 2017: The S&P 500 closed lower on the day, down 0.14% and 3.34 points to 2,353.82. Separately the DJIA barely closed down 0.03% on the day at 20,651.82, down approximately 6.41 points.
Looking at the sectors, large cap financial stocks continued to sink and a fair number of tech stocks were in the red as well. The healthcare sector was not immune to this, with red arrows across the sector, only healthcare providers were relatively flat. On the positive side, some retailers and department stores were relatively positive, along with cigarettes. Aerospace and defense stocks saw a handy gain on the day as well. Also gold made an incredible gain in Tuesday’s session as geopolitical concerns are increasing and investors are looking for a safe-haven.
Crude oil posted a slight gain on Tuesday. Crude was last trading up around 0.2% at $53.18 in the session.
Gold posted an impressive gain on the day up about 1.7% or $21.60, closing at $1,272.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Alliance Data Systems Corp. (NYSE: ADS) which traded down 3.9% at $238.00. The stock’s 52-week range is $185.02 to $254.94. Volume was 1.6 million versus the daily average of 577,000 shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was American Airlines Group Inc. (NASDAQ: AAL) which jumped 3.6% to $43.86. The stock’s 52-week range is $24.85 to $50.64. Volume was roughly 9.0 million which is above the daily average of around 6.9 million shares.
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