May 2, 2017: The S&P 500 closed higher on the day, up 0.1% and 2.68 points to 2,391.01. Separately the DJIA closed up 0.17% on the day at 20,948.45, up approximately 34.99 points.
Tuesday was another relatively flat day although the Nasdaq did hit another consecutive all-time high in the session. Oil & gas stocks were largely negative on the day as well as a few of the major auto manufacturers. Retail was very positive and helped to pull up the markets and credit services were positive for the most part.
Crude oil had a horrible day and was last trading down about 2.5% at $47.63.
On the other hand, gold was positive up 0.2% closing at $1,257.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Archer-Daniels-Midland Company (NYSE: ADM) which traded down about 9% at $41.68. The stock’s 52-week range is $37.00 to $47.88. Volume was 7.7 million versus the daily average of 2.9 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Coach, Inc. (NYSE: COH) which jumped about 11.4% to $43.14. The stock’s 52-week range is $34.07 to $43.71. Volume was roughly 13.8 million which is above the daily average of around 3.3 million shares.
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