Wednesday's Biggest Winners and Losers in the S&P 500

Investing

Published: May 2, 2018 4:11 pm

Last Updated: March 13, 2020 9:52 pm

Thinkstock

May 2, 2018: The S&P 500 closed down 0.7% at 2,635.61. The DJIA closed down 0.7% at 23,923.85. Separately, the Nasdaq was down 0.4% at 7,100.90.

Wednesday was a down day for the broad U.S. markets, with everything somewhat mixed early in the day then, around 2 pm Eastern, all going South. At that time, the FOMC released the minutes from its most recent meeting and decided to keep interest rates steady in the range. Crude oil made a small gain in the session. The S&P 500 sectors were almost entirely negative. The most positive sector was energy up 0.4%. The worst performing sectors were consumer staples, health care, and financials down 2.0%, 1.4%, and 1.2%, respectively.

Crude oil was up 0.8% at $67.81.

Gold was flat at $1,305.50.

The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Unum Group (NYSE: UNM) which traded down about 17% at $39.80. The stock’s 52-week range is $39.63 to $58.73. Volume was 7.8 million compared to the daily average volume of 1.6 million.

The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was Frontier Communications Corp. (NASDAQ: FTR) which rose about 27% to $10.38. The stock’s 52-week range is $6.08 to $26.85. Volume was 12.4 million compared to the daily average volume of 3.2 million.

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.