October 12, 2018: The S&P 500 closed up 1.4% at 2,766.95. The DJIA closed up 1.1% at 25,336.67. Separately, the Nasdaq closed up 2.3% at 7,496.89.
Friday was a solid day for the broad U.S. markets, bouncing back from the devastating drop on Wednesday and Thursday. Each of the major averages gained over 1% in the session with the Nasdaq posting the strongest performance. Crude oil posted a nice gain in Friday’s session but still ended the week lower. The S&P 500 sectors were entirely positive. The most positive sectors were technology, consumer discretionary, and health care up 3.5%, 2.2%, and 1.9%, respectively. The “worst” performing sector was utilities up only 0.1%.
Crude oil was last seen trading up 0.9% at $71.64.
Gold was last seen trading down 0.5% at $1,221.60.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Frontier Communications Corp. (NASDAQ: FTR) which fell by about 9% to $5.37. The stock’s 52-week range is $4.52 to $12.19. Volume was 5.5 million compared to the daily average volume of 3.2 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Netflix, Inc. (NASDAQ: NFLX) which traded up over 5% at $339.56. The stock’s 52-week range is $178.38 to $423.21. Volume was over 14 million compared to the daily average volume of 11.2 million.
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