[cnxvideo id=”655354″ placement=”ros”]April 27, 2017: The S&P 500 closed higher on the day, up 0.06% and 1.44 points to 2,388.88. Separately the DJIA closed up 0.04% on the day at 20,982.90, up approximately 7.81 points.
Overall the market had a relatively flat day, after having an incredible start to the week. In the past few days, broad markets peaked again and hit new all-time highs. In Thursday’s session, oil & gas stocks were hit harder than the rest. There was also some weakness among airline stocks after a couple reported earnings. Investment banks and major banks also saw their shares drop in the session.
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The saving grace on Thursday was the tech sector and utilities that helped to stem the bleeding and force a flat day. Also, there were a few big winners in the healthcare and services sectors that helped pull markets up as well.
Crude oil was negative on Wednesday and last trading down about 0.8% at $49.23.
Gold was only slightly higher on the day up 0.1% closing at $1265.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was F5 Networks, Inc. (NASDAQ: FFIV) which traded down nearly 8% at $126.79. The stock’s 52-week range is $99.29 to $149.50. Volume was 3.6 million versus the daily average of 737,000 shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Intuit Inc. (NASDAQ: INTU) which jumped about 8.5% to $125.62. The stock’s 52-week range is $99.20 to $128.45. Volume was roughly 4.6 million which is above the daily average of around 1.8 million shares.
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