April 9, 2019: The S&P 500 closed down 0.6% at 2,878.42. The Dow closed down 0.7% at 26,153.29. Separately, the Nasdaq closed down 0.6% at 7,909.28.
Tuesday was a down day for the broad U.S. markets. While the S&P 500 and Nasdaq were marginally positive on Monday, they gave back all their gains and then some in Tuesday’s session. It was not a particularly busy day in the markets with earnings season is just around the corner and a couple of major banks reporting later this week. Crude oil backed off in the session. The S&P 500 sectors were almost entirely negative. The most positive sector was utilities up 0.2%. The worst performing sectors were industrials, energy, and financial each down 1.4%, 1.3%, and 1.0%, respectively.
Crude oil was last seen down 0.5% at $64.09.
Gold was last seen trading up 0.5% at $1,303.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Pentair PLC (NYSE: PNR) which traded down over 13% at $39.16. The stock’s 52-week range is $35.30 to $49.00. Volume was about 8.2 million compared to the daily average volume of 1.4 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Cerner Corp. (NASDAQ: CERN) which rose by about 10% to $62.97. The stock’s 52-week range is $48.78 to $67.57. Volume was 15.4 million compared to the daily average volume of 5.2 million.
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