May 22, 2017: The S&P 500 closed higher on the day, up 0.5% at 2,393.91. Separately the DJIA closed up 0.4% as well at 20,894.90. The Nasdaq closed up 0.8% at 6,133.62.
The broad markets kicked off the week with solid gains on Monday. Practically all of the sectors and industries were showing gains on the day, with an emphasis on the tech sector. Some of the mid- and small-cap oil & gas stocks were lower on the day despite crude oil moving above the $50 mark for the first time in over a month. Following the Saudi arms deal, aerospace and defense stocks were incredibly positive on the day too.
Crude oil broke the $50 level and was last trading higher on the day up 1% at $50.81.
At the same time, gold was higher, up about 0.6% closing at $1,261.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was The Mosaic Co. (NYSE: MOS) which traded down 2.4% at $23.09. The stock’s 52-week range is $22.43 to $34.36. Volume was 4.2 million versus the daily average of 5.1 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Brown-Forman Corp. (NYSE: BF-B) which jumped over 7% to $56.99. The stock’s 52-week range is $43.72 to $58.01. Volume was 3.6 million on the day.
The Average American Is Losing Momentum on Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%* today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying nearly 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
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.