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.
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.