December 19, 2018: The S&P 500 closed down 1.5% at 2,506.87. The DJIA closed down 1.5% at 23,323.46. Separately, the Nasdaq closed down 2.2% at 6,636.83.
Wednesday was a down day for the broad U.S. markets. Each of the major exchanges showed a positive start to the session, but this quickly traded to a loss following statements by the FOMC committee. Crude oil posted a solid bounce back from Tuesday’s loss. The S&P 500 sectors were entirely negative.. The most ”positive” sector was utilities down 0.1% each. The worst performing sectors were industrials and consumer discretionary down 1.8%, and 1.7%, respectively.
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Crude oil was last seen up 3.7% at $47.96.
Gold was last seen trading down 0.5% at $1,247.40.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was FedEx Corp. (NYSE: FDX) which traded down over 12% at $162.75 The stock’s 52-week range is $162.50 to $274.66. Volume was roughly 15 million compared to the daily average volume of 2 million million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was General Electric Co. (NYSE: GEI) which rose by more than 5% to $7.66. The stock’s 52-week range is $6.66 to $19.39. Volume was about 212 million compared to the daily average volume of 132 million.
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