January 22, 2019: The S&P 500 closed down 1.4% at 2,633.19. The DJIA closed down 1.2% at 24,407.80. Separately, the Nasdaq closed down 1.9% at 7,020.36.
Monday was a down day for the broad U.S. markets. Although earnings season is just starting, there wasn’t enough positive momentum to pull the markets up to start out the week. Crude oil backed off in the session. The S&P 500 sectors were entirely negative. The most “positive” sector was utilities, down only 0.3%. The worst performing sectors were industrials, energy, and technology, down 2.5%, 2.4%, and 2.2%, respectively.
Crude oil was last seen down 1.9% at $52.77.
Gold was last seen trading flat at $1,283.40.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Stanley Black & Decker, Inc. (NYSE: SWK) which traded down about 15.5% at $115.67. The stock’s 52-week range is $106.41 to $176.24. Volume was roughly 8.5 million compared to the daily average volume of 1.7 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was PG&E Corp. (NYSE: PCG) which rose by about 9% to $7.89. The stock’s 52-week range is $5.07 to $49.42. Volume was over 59 million compared to the daily average volume of 23.4 million.
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