December 7, 2018: The S&P 500 closed down 2.3% at 2,633.06. The DJIA closed down 2.2% at 24,388.41. Separately, the Nasdaq closed down 3.1% at 6,969.25.
Friday was a down day for the broad U.S. markets. Each of the major averages fell more than 2% to end the session. Crude oil posted a massive gain on the day. The S&P 500 sectors were almost entirely negative with one exception. The most positive sector was utilities up 0.4%. The worst performing sectors were technology, consumer staples and industrials down 3.5%, 3.0%, and 2.6%, respectively.
Crude oil was last seen trading up 4.2% at $53.66.
Gold was last seen trading up 0.6% at $1,251.10.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was The Cooper Companies, Inc. (NYSE: COO) which traded down about 12% at $243.47. The stock’s 52-week range is $216.47 to $283.18. Volume was roughly 1.2 million compared to the daily average volume of 300,000.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was EQT Corp. (NYSE: EQT) which rose by over 2% to $18.45. The stock’s 52-week range is $16.29 to $32.48. Volume was about 4.5 million compared to the daily average volume of 9.8 million.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
