Investing
Wednesday's Biggest Winners and Losers in the S&P 500
Published:
Last Updated:
October 24, 2018: The S&P 500 closed down 3.1% at 2,656.29. The DJIA closed down 2.4% at 24,584.50. Separately, the Nasdaq closed down 4.4% at 7,108.40.
Wednesday was another down day for the broad U.S. markets. The S&P 500 and Dow have officially turned negative in 2018, while the Nasdaq is holding on to a tiny gain for the year. Each of the averages lost more than 2%, with the Nasdaq taking the worst beating on the day. Crude oil more or less traded sideways in the session. The S&P 500 sectors were mostly negative. The most positive sectors were real estate and utilities up 1.5%, and 2.6%, respectively. The worst performing sectors were energy and technology down 3.3% and 3.6%, respectively.
Crude oil was last seen trading flat at $66.34.
Gold was last seen trading flat at $1,235.80.
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 over 10% to $4.67. The stock’s 52-week range is $4.52 to $12.19. Volume was 3.8 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 Varian Medical Systems, Inc. (NYSE: VAR) which traded up about 8% at $113.08. The stock’s 52-week range is $99.00 to $130.29. Volume was about 2.6 million compared to the daily average volume of less than 1 million.
The Average American Is Losing Momentum On 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%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.