May 11, 2017: The S&P 500 closed 0.2% lower on the day at 2,394.47. Separately the DJIA closed lower, down 0.1% at 20,919.76. The Nasdaq was also closed down 0.2% at 6,115.96.
Thursday was a down day for the markets, with the tech and financial sectors dragging the markets down. The only real bright spots in the market were the entertainment industry and a few select drug stocks. Although financials and tech stocks were largely negative, retail stocks as a whole put a big dent in the market after Macy’s missed earnings.
Crude oil made another great gain on Thursday up 0.9% at $47.77.
Gold was also higher up about 0.5% closing at $1,224.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Macy’s, Inc. (NYSE: M) which traded down 17% at $24.35. The stock’s 52-week range is $24.25 to $45.41. Volume was 46.2 million versus the daily average of 6.4 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was NVIDIA Corp. (NASDAQ: NVDA) which jumped about 4% to $126.50. The stock’s 52-week range is $34.93 to $130.43. Volume was 47.4 million which is above the daily average 43.9 million shares.
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