Tuesday was another down day for the broad U.S. markets and another continuation from the overall drop that started last Thursday. Each of the major averages started out the day positive but quickly fell negative, and each closed at least 1.3% lower on the day. Crude oil pulled back for its first time in a while, but $70 is still in sight. The S&P 500 sectors were almost all negative. The most positive sectors were energy and real estate up 0.7% and 0.1%, respectively. The worst performing sectors were industrials and materials which were down 2.8% and 2.7%, respectively.
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Crude oil was down 1.3% at $67.74.
Gold was down 0.8% at $1,333.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Freeport-McMoran Inc. (NYSE: FCX) which traded down about 14.5% at $16.08. The stock’s 52-week range is $11.05 to $20.25. Volume was 77.5 million compared to the daily average volume of 17.7 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Fifth Third Bancorp (NASDAQ: FITB) which rose over 4% to $33.28. The stock’s 52-week range is $23.20 to $34.57. Volume was 10.4 million compared to the daily average volume of 5.1 million.
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