January 5, 2018: The S&P 500 closed up 0.7% at 2,742.70. The DJIA closed up 0.9% at 25,291.67. Separately, the Nasdaq was up 0.8% at 7,136.56.
Friday proved to be yet another positive day for the broad U.S. markets, with all major exchanges hitting a new record high. With the first week of 2018 in the books, it seems that the markets can only go up from here with the all major exchanges at major milestones: the Dow above 25,000, S&P 500 above 2,700, and the Nasdaq holding above 7,000. Crude oil finally took a step back, but after making good headway above $60 this was expected. The S&P 500 sectors were practically all positive. The best performing sectors were technology and health care, up 1.0% and 0.9%, respectively. The worst performing sectors were energy and utilities, both down less than 0.1%.
Crude oil was down 0.7% at $61.55.
Gold was relatively flat at $1,320.40.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Friday was Johnson Controls International PLC (NYSE: JCI) which traded down nearly 4% at $38.37. The stock’s 52-week range is $34.51 to $44.70. Volume was 8.6 million versus the daily average of 5.5 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was Xilinx, Inc. (NASDAQ: XLNX) which rose about 5% to $74.15. The stock’s 52-week range is $54.99 to $75.14. Volume was 5.6 million compared to its average volume of 2 million.
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