October 23, 2018: The S&P 500 closed down 0.6% at 2,740.58. The DJIA closed down 0.5% at 25,190.00. Separately, the Nasdaq closed down 0.4% at 7,438.24.
Tuesday was a down day for the broad U.S. markets. When trading opened Tuesday it looked like a complete disaster, but as the day went on the markets slowly recovered. Crude oil was crushed in the session. The S&P 500 sectors were mostly negative. The most positive sectors were real estate and consumer staples up 0.7%, and 0.4%, respectively. The worst performing sectors were energy and industrials down 2.4% and 1.4%, respectively.
Crude oil was last seen trading down 4.2% at $66.45.
Gold was last seen trading up 0.7% at $1,223.70.
The S&P 500 stock posting the largest daily percentage loss in the S&P 500 ahead of the close was Caterpillar Inc. (NYSE: CAT) which fell by over 7% to $119.18. The stock’s 52-week range is $115.62 to $173.24. Volume was over 23 million compared to the daily average volume of 4.8 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Cadence Design Systems, Inc. (NASDAQ: CDNS) which traded up about 15% at $46.94. The stock’s 52-week range is $35.49 to $47.40. Volume was about 8 million compared to the daily average volume of 1.6 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.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
