April 19, 2018: The S&P 500 closed down 0.6% at 2,693.16. The DJIA closed down 0.3% at 24,665.42. Separately, the Nasdaq was down 0.8% at 7,238.06.
Thursday was a down day for the broad U.S. markets, although there have been worse. Crude oil backed off slightly during the session but it is still within striking distance from $70. The S&P 500 sectors were mostly negative. The most positive sectors were financials and energy up 1.5% and 0.2%, respectively. The worst performing sectors were consumer staples and real estate which were down 2.8% and 1.5%, respectively.
Crude oil was down 0.4% at $68.20.
Gold was also down 0.4% at $1,348.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Philip Morris International Inc. (NYSE: PM) which traded down over 15% at $85.57. The stock’s 52-week range is $83.51 to $123.55. Volume was 45 million compared to the daily average volume of 5.5 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was American Express Co. (NYSE: AXP) which rose about 7% to $101.75. The stock’s 52-week range is $75.97 to $102.87. Volume was 11 million compared to the daily average volume of 4.1 million.
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