June 1, 2017: The S&P 500 closed higher on the day, up 0.8% at 2,429.92. Separately the DJIA closed up 0.6% at 21,142.53. The Nasdaq also closed up 0.8% at 6,246.83.
The broad markets made up for earlier this week and ended up closing fairly positive on Thursday. The financial and healthcare sectors each made a solid push higher on the day. All of the other sectors in the S&P 500 were largely positive as well, notably oil & gas stocks were up despite crude trading lower on the day. The only sector that really lagged the markets was the tech sector, but this was the fault of the mega-cap stocks such as Alphabet, Facebook, and Microsoft.
Crude oil started off very positive on Thursday but eventually turned negative as the day wore on. Crude was last trading down 0.2% at $48.21.
Gold closed lower 0.4% at $1,270.50.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Hewlett-Packard Enterprise Co. (NYSE: HPE) which traded down about 6.9% at $17.52. The stock’s 52-week range is $16.97 to $24.88. Volume was about 36 million versus the daily average of 12.9 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Signet Jewelers Limited (NYSE: SIG), which rose roughly 9% to $52.52. The stock’s 52-week range is $46.09 to $101.46. Volume was nearly 5 million on the day compared to the average of 1.8 million.
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