January 28, 2019: The S&P 500 closed down 0.8% at 2,643.78. The DJIA closed down 0.9% at 24,527.75. Separately, the Nasdaq closed down 1.1% at 7,085.68.
Monday was a down day for the broad U.S. markets. We are now in the busiest week of this earnings season with 12 Dow components reporting. If anything these major companies will set a direction for the markets going forward with this earnings season. The S&P 500 sectors were mostly negative. The most positive sectors were real estate and consumer staples up 0.8% and 0.4%, respectively. The worst performing sectors were technology and health care, down 1.5%, and 1.3%, respectively.
Crude oil was last seen down 2.8% at $52.17.
Gold was last seen trading up 0.3% at $1,301.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was NVIDIA Corp. (NASDAQ: NVDA) which traded down about 14% at $138.01. The stock’s 52-week range is $124.46 to $292.76. Volume was roughly 61 million compared to the daily average volume of 17.3 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was American Airlines Group Inc. (NASDAQ: AAL) which rose by over 4% to $36.60. The stock’s 52-week range is $28.81 to $57.44. Volume was 13.5 million compared to the daily average volume of 9.1 million.
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