February 7, 2019: The S&P 500 closed down 0.9% at 2,706.11. The DJIA closed down 0.9% at 25,172.51. Separately, the Nasdaq closed down 1.2% at 7,288.35.
Thursday was a down day for the broad U.S. markets. Another down day may be putting some pressure on this recent rally. While earnings from multiple companies pushed the markets down Thursday, Friday will be the deciding factor of whether or not this week ends with a gain or loss. The S&P 500 sectors were mostly negative. The most positive sectors were utilities and real estate up 1.3% and 0.8%, respectively. The worst performing sectors were energy and materials, down 2.2% and 1.5%, respectively.
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Crude oil was last seen down 2.6% at $52.60.
Gold was last seen trading flat at $1,314.20.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Tapestry, Inc. (NYSE: TPR) which traded down about 15% at $33.50. The stock’s 52-week range is $31.91 to $55.50. Volume was 22.5 million compared to the daily average volume of 3.7 million.
The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was Chipotle Mexican Grill, Inc. (NYSE: CMG | CMG Price Prediction) which rose by over 11% to $585.69. The stock’s 52-week range is $247.52 to $606.00. Volume was about 4.2 million compared to the daily average volume of 675,000 million.
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