April 16, 2019: The S&P 500 closed flat at 2,907.15. The Dow closed up 0.3% at 26,452.86. Separately, the Nasdaq closed up 0.3% at 8,000.23.
Tuesday was a relatively positive day for the broad U.S. markets. The S&P 500, Dow, and Nasdaq each pushed marginally higher balancing out Monday’s session. The Nasdaq also closed above a monumental 8,000. We are now in the midst of earnings season where a majority of companies will report and set a direction for the market. Also note that this is a truncated trading week with market closed on Friday for Easter. Crude oil posted a solid gain in the session. The S&P 500 sectors were more or less split down the middle. The most positive sectors were financial and industrials up 1.4% and 0.6%, respectively. The worst performing sectors were real estate and health care down 2.4% and 2.1%.
Crude oil was last seen up 1.1% at $64.08.
Gold was last seen trading down 1.0% at $1,279.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was HCA Healthcare, Inc. (NYSE: HCA) which traded down about 10% at $114.39. The stock’s 52-week range is $93.03 to $147.42. Volume was about 5 million compared to the daily average volume of 1.6 million.
The S&P 500 stock posting the largest daily percentage gain ahead of the close was Qualcomm Inc. (NASDAQ: QCOM) which rose by about 23% to $70.45. The stock’s 52-week range is $48.56 to $76.50. Volume was 80 million compared to the daily average volume of 14.3 million.
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