October 27, 2017: The S&P 500 closed up 0.81% at 2,581.06. The DJIA closed up 0.14% at 23,433.19. Separately, the Nasdaq was massively up 2.2% at 6,701.26.
Friday was an incredible day for the markets, specifically the tech sector. The Nasdaq notched an all-time high and huge gain on the day following the earnings results of Alphabet, Amazon, and Microsoft. Crude oil started out flat but exploded in the afternoon. The S&P 500 sectors were split down the middle but two sectors more than offset everything. The best performing sectors were tech and consumer discretionary, up 2.66% and 1.61%, respectively. The worst performing sectors were consumer staples and materials, down 0.86%, and 0.54%, respectively.
Crude oil was up 2.5% at $53.95.
Gold was up 0.3% at $1,273.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Friday was Expedia, Inc. (NASDAQ: EXPE) which traded down about 16% at $123.79. The stock’s 52-week range is $111.88 to $161.00. Volume was about 20 million versus the daily average 2 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was First Solar, Inc. (NASDAQ: FSLR) which rose over 20% to $57.67. The stock’s 52-week range is $25.56 to $58.97. Volume was nearly 16 million compared to its average volume of 2 million.
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