March 5, 2018: The S&P 500 closed up 1.1% at 2,721.00. The DJIA closed up 1.4% at 24,9875. Separately, the Nasdaq was up 1.0% at 7,330.70.
Monday started out as a down day for the broad U.S. markets, but as it went on everything recovered and the markets found themselves posting an impressive gain on the day. At one point the Dow was down about 150 points, however it managed to recover by the end of the day up over 300 points. Crude oil had a very strong start to the week. The S&P 500 sectors were entirely positive. The most positive sectors were utilities, financials, and real estate up 2.2%, 1.6% and 1.5%, respectively. The “worst” performing sector was consumer staples up 0.9%.
Crude oil was up 2.3% at $62.67.
Gold was down 0.2% at $1,320.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Nordstrom, Inc. (NYSE: JWN) which traded down about 2% at $51.92. The stock’s 52-week range is $37.79 to $54.00. Volume was 2.3 million compared to the daily average volume of 2.0 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was XL Group Ltd. (NYSE: XL) which rose 29% to $55.97. The stock’s 52-week range is $33.77 to $56.39. Volume was about 82 million compared to the daily average volume of 3.3 million.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.