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

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By Chris Lange Updated Published
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May 9, 2018: The S&P 500 closed up 1.0% at 2,697.81. The DJIA closed up 0.8% at 24,542.81. Separately, the Nasdaq was up 1.0% at 7,339.91.

Wednesday was a positive day for the broad U.S. markets with oil hitting and holding above a key milestone. Crude oil reached above $71 in a truly massive move. The S&P 500 sectors were almost entirely positive. The most positive sectors were energy, financials, and materials up 1.9%, 1.4%, and 1.4%, respectively. The worst performing sector was utilities down 0.7%.

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Crude oil was up 3.0% at $71.14.

Gold was down 0.2% at $1,311.30.

The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Dover Corp. (NYSE: DOV) which traded down about 18% at $76.68. The stock’s 52-week range is $75.88 to $109.06. Volume was 3.7 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 TripAdvisor, Inc. (NASDAQ: TRIP) which rose about 22% to $47.51. The stock’s 52-week range is $29.50 to $50.95. Volume was 18 million compared to the daily average volume of 2.7 million.

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Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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