November 17, 2017: The S&P 500 closed down 0.3% at 2,578.79. The DJIA closed down 0.4% at 23,358.21. Separately, the Nasdaq was down 0.2% at 6,782.79.
Friday was a down day for the three major U.S. exchanges after posting an incredible Thursday. Thursday’s massive win was propelled by the House passing its tax bill, but it seems that wasn’t enough to end Friday positively. Crude oil was positive on the day. The S&P 500 sectors were mostly negative with a few exceptions. The best performing sectors were energy and consumer discretionary, both up 0.5%. The worst performing sectors were utilities and technology, down 0.7% and 0.6%, respectively.
Crude oil was up 2.8% at $56.66.
Gold was up 1.4% at $1,295.40.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Friday was Cummins Inc. (NYSE: CMI) which traded down about 5% at $159.44. The stock’s 52-week range is $134.06 to $181.79. Volume was over 3.5 million versus the daily average of 1.2 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was Foot Locker, Inc. (NYSE: FL) which rose about 28% to $40.89. The stock’s 52-week range is $28.42 to $79.43. Volume was roughly 30 million compared to its average volume of 4.8 million.
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