Investing
Wednesday's Biggest Winners and Losers in the S&P 500
Published:
Last Updated:
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.
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
