May 18, 2017: The S&P 500 closed higher on the day, up 0.4% at 2,365.74. Separately the DJIA closed up 0.3% as well at 20,662.67. The Nasdaq closed up 0.7% at 6,055.13.
Although Wednesday was the worst trading day that the markets have seen in 2016, Thursday the broad markets made a handy recovery. All of the sectors were positive in the index with only a few industries posting a loss on the day like personal products and networking & communications. Outside of Cisco, practically the entire tech sector was positive with Alphabet and Facebook leading the charge. Discount value stores were incredibly positive, and Apple was up over 1%.
Crude oil was actually higher on the day up 0.5% at $49.31.
At the same time, gold was lower, down about 0.8% closing at $1,248.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Cisco Systems, Inc. (NASDAQ: CSCO) which traded down over 7% at $31.36. The stock’s 52-week range is $27.13 to $34.60. Volume was 75.4 million versus the daily average of 18.1 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Incyte Corp. (NASDAQ: INCY) which jumped about 7% to $129.03. The stock’s 52-week range is $71.75 to $153.15. Volume was 5.3 million compared with the daily average 2.8 million shares.
Take Charge of Your Retirement: Find the Right Financial Advisor For You in Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.