June 20, 2017: The S&P 500 closed lower, down 0.66% at 2,437.16. The DJIA closed lower 0.3% at 21,467.45. Separately, the Nasdaq closed down 0.8% at 6,188.03.
Although Monday was an incredibly positive day for the markets, Tuesday was more or less a complete reversal. Practically every sector in the S&P 500 was down with the single exception of health care. A handful of biotech and pharma companies actually made strong gains on the day but these were the only ones. Crude oil was down significantly and oil & gas stocks suffered as a result. Major money center banks led the charge downward in the financial sector. Retailers had a pretty bad day as well.
Crude continued its drop this week. It was last trading down about 2% at $43.34.
Gold fell again and was last seen down 0.2% at $1,244.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Frontier Communications Corp. (NASDAQ: FTR) which traded down about nearly 8% at $1.22. The stock’s 52-week range is $1.19 to $5.22. Volume was over 32 million versus the daily average of 41.5 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) which rose over 4% to $493.93. The stock’s 52-week range is $325.35 to $504.89. Volume was about 2.0 million on the day compared to the average of 937,123.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
