April 16, 2018: The S&P 500 closed up 0.8% at 2,677.96. The DJIA closed up 0.9% at 24,575.90. Separately, the Nasdaq was up 0.7% at 7,156.28.
Monday was a positive day for the broad U.S. markets with all three major indices posting a solid gain to start the week. Although the averages performed well in the session, crude oil pulled back after posting a massive gain last week. The S&P 500 sectors were entirely positive. The most positive sectors were materials and utilities up 1.4% each. The “worst” performing sectors were financials and real estate discretionary which were up only 0.7% and 0.6%, respectively.
Crude oil was down 1.5% at $66.37.
Gold was relatively flat at $1,349.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Bristol-Myers Squibb Co. (NYSE: BMY) which traded down about 8% at $53.84. The stock’s 52-week range is $51.56 to $70.05. Volume was 33.4 million compared to the daily average volume of 8 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) which rose about 6% to $119.64. The stock’s 52-week range is $83.35 to $126.49. Volume was over 2 million compared to the daily average volume of 1 million.
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