May 24, 2017: The S&P 500 closed higher on the day, up 0.2% at 2,404.26. Separately the DJIA closed up 0.4% as well at 21,011.29. The Nasdaq closed up 0.4% at 6,163.02.
The U.S. broad markets were fairly positive on Wednesday quietly hitting new highs and breaking above the 2,400 (S&P 500) and 21,000 (Dow) levels. There was some weakness in crude oil which led to some oil & gas stocks sinking lower on the day, but this was the only clear cut sector, other than telecom stocks. On the other hand, tech stocks rebounded and were positive along with utilities and other industrial stocks.
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Crude oil traded lower on the day down 0.4% at $51.28.
Gold was relatively flat closing at $1,256.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Tiffany & Co. (NYSE: TIF) which traded down over 8% at $85.08. The stock’s 52-week range is $56.99 to $97.29. Volume was 8.5 million versus the daily average of 1.7 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Intuit Inc. (NASDAQ: INTU) which jumped nearly 7% to $137.88. The stock’s 52-week range is $101.81 to $140.25. Volume was 4.8 million on the day compared to the average of 1.9 million.
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