April 20, 2018: The S&P 500 closed down 0.9% at 2,670.22. The DJIA closed down 0.8% at 24,462.80. Separately, the Nasdaq was down 1.3% at 7,146.13.
Friday was a down day for the broad U.S. markets, continuing the drop from Thursday. As the first week of the earnings season comes to a close it seems the markets are marginally up. Looking ahead, next week will have twice as many critical earnings reports with the likes of Alphabet and Boeing in the mix. Crude oil saw an overall gain this is week and is one step closer to reaching $70. The S&P 500 sectors were almost entirely negative. The most “positive” sector was financials up 0.1%. The worst performing sectors were consumer staples, technology, and consumer discretionary which were down 1.7%, 1.5% and 1.1%, respectively.
Crude oil was relatively flat at $68.26.
Gold was down 0.8% at $1,337.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Friday was Stanley Black & Decker, Inc. (NYSE: SWK) which traded down about 7% at $144.02. The stock’s 52-week range is $133.25 to $176.62. Volume was 3.3 million compared to the daily average volume of 1.3 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was General Electric Co. (NYSE: GE) which rose over 4% to $14.65. The stock’s 52-week range is $12.73 to $30.38. Volume was 187 million compared to the daily average volume of 83.4 million.
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