January 3, 2019: The S&P 500 closed down 2.5% at 2,447.96. The DJIA closed down 2.8% at 22,686.36. Separately, the Nasdaq closed down 3.0% at 6,463.50.
Thursday was a down day for the broad U.S. markets. After a fairly decent Wednesday, markets as a whole took a sharp turn downward. Perhaps a driving force for this was Apple lowering its projections for iPhone sales. Crude oil made a handy gain in the session. The S&P 500 sectors were mostly negative. The most positive sectors were real estate and utilities up 0.7% and 0.3%, respectively. The worst performing sectors were technology and industrials down 4.7% and 2.8%, respectively.
Crude oil was last seen up 1.3% at $47.14.
Gold was last seen trading up 0.8% at $1,294.80.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Bristol-Myers Squibb Co. (NYSE: BMY) which traded down over 13% at $45.12. The stock’s 52-week range is $44.30 to $70.05. Volume was roughly 78.2 million compared to the daily average volume of 9.3 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was The Celgene Corp. (NASDAQ: CELG) which rose by about 21% to $80.43. The stock’s 52-week range is $58.59 to $109.98. Volume was 77.5 million compared to the daily average volume of 6.6 million.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
