June 27, 2017: The S&P 500 closed down 0.8% at 2,419.59. The DJIA closed down as well 0.5% at 21,313.88. Separately, the Nasdaq closed down 1.6% at 6,146.62.
Tuesday was overall a down day for the U.S. broad markets with all the indices posting a loss, especially the Nasdaq. The tech sector was the worst performing sector and led the charge downward in spectacular fashion with red arrows across the board. Health care was relatively negative on the day as were consumer goods, industrials, and utilities. Crude oil was actually positive marking its fifth consecutive day up after a pretty bad losing streak. As a result, oil & gas stocks traded only slightly higher. The financial sector was the only winner for the day, bolstered by the major money center banks and the investment houses.
Crude oil has seemingly turned itself around was last seen up about 2% at $44.28.
Gold was trading up 0.3% at $1,250.50.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Netflix, Inc. (NASDAQ: NFLX) which traded down 4% at $150.99. The stock’s 52-week range is $84.50 to $166.87. Volume was about 6.5 million versus the daily average of 6.2 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Signet Jewelers Limited (NYSE: SIG) which rose nearly 5% to $63.07. The stock’s 52-week range is $46.09 to $101.46. Volume was over 2 million on the day compared to the average of 1.8 million.
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