May 10, 2018: The S&P 500 closed up 0.9% at 2,722.96. The DJIA closed up 0.8% at 24,739.08. Separately, the Nasdaq was up 0.9% at 7,404.97.
Thursday was another day of solid gains for the broad U.S. markets. Crude oil again pushed higher if only slightly and seems to be stabilized at this level. The S&P 500 sectors were entirely positive. The most positive sectors were health care, utilities, and technology up 1.4%, 1.4%, and 1.3%, respectively. The “worst” performing sector was consumer discretionary up only 0.4%.
Crude oil was up 0.4% at $71.41.
Gold was up 0.9% at $1,321.50.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was L Brands, Inc. (NYSE: LB) which traded down about 7% at $31.64. The stock’s 52-week range is $30.70 to $63.10. Volume was 15.7 million compared to the daily average volume of 4.5 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was CenturyLink, Inc. (NYSE: CTL) which rose about 7% to $19.35. The stock’s 52-week range is $13.16 to $27.61. Volume was 21.7 million compared to the daily average volume of 11.4 million.
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