July 17, 2017: The S&P 500 closed flat at 2,459.13. The DJIA closed flat at 21,631.44. Separately, the Nasdaq also closed flat at 6,314.43.
Monday was a relatively flat day for the U.S. broad markets. Although crude oil was down on the day, oil & gas stocks still saw an uptick. Industrials also showed some life. Apart from this, the index was largely mixed with no real breakout moves on Monday. Earnings season is just about to kick into gear so this could very well be the calm before the storm.
Crude oil backed off to start the week, down 1.2% at $46.00.
Gold was up 0.6% at $1,234.50.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Crown Castle International Corp. (NYSE: CCI) which traded down about 4% at $97.07. The stock’s 52-week range is $79.38 to $104.68. Volume was just over 3 million versus the daily average of 2.1 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Freeport-McMoRan Inc. (NYSE: FCX) which rose 3% to $12.99. The stock’s 52-week range is $9.24 to $17.06. Volume was over 23 million compared to its average volume of 19.3 million.
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