January 7, 2019: The S&P 500 closed up 0.7% at 2,549.91. The DJIA closed up 0.4% at 23,533.11. Separately, the Nasdaq closed up 1.3% at 6,823.47.
Monday was a positive day for the broad U.S. markets. All of the major exchanges had a solid performance despite the Dow and the S&P 500 starting out negative. Crude oil made another solid gain in the session. The S&P 500 sectors were almost entirely positive. The most positive sectors were consumer discretionary and energy up 2.3% and 1.5%, respectively. The worst performing sectors were utilities and consumer staples down 0.7% and 0.2%, respectively.
Crude oil was last seen up 1.3% at $48.60.
Gold was last seen trading up 0.3% at $1,289.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was PG&E Corp. (NYSE: PCG) which traded down over 22% at $18.95. The stock’s 52-week range is $17.26 to $49.42. Volume was roughly 34.4 million compared to the daily average volume of 11.6 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was Fossil Group, Inc. (NASDAQ: FOSL) which rose by 8% to $17.83. The stock’s 52-week range is $7.16 to $32.17. Volume was 1.2 million compared to the daily average volume of 1.6 million.
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