November 16, 2017: The S&P 500 closed up 0.8% at 2,585.67. The DJIA closed up 0.8% at 23,458.29. Separately, the Nasdaq was up 1.3% at 6,793.29.
Thursday was an incredible day for the U.S. broad markets, breaking a two day slide. Overall, this massive win was propelled even higher by the House passing its Tax bill. Crude oil couldn’t make up its mind on the day and ultimately ended up down. The S&P 500 sectors were mostly positive with a couple exceptions. The best performing sectors were technology, consumer staples, and materials up 1.4%, 1.4%, and 1.2%, respectively. The worst performing sectors were energy and utilities down 0.4% and 0.3%, respectively.
Crude oil was down 0.3% at $55.19.
Gold was relatively flat at $1,278.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Best Buy Co., Inc. (NYSE: BBY) which traded down over 3% at $55.33. The stock’s 52-week range is $41.67 to $63.32. Volume was 18 million versus the daily average of 4.7 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was NetApp, Inc. (NASDAQ: NTAP) which rose about 16% to $53.11. The stock’s 52-week range is $34.72 to $53.89. Volume was roughly 13 million compared to its average volume of 2.8 million.
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