March 29, 2018: The S&P 500 closed up 1.4% at 2,641.89. The DJIA closed up 1.3% at 24,160.05. Separately, the Nasdaq was up 1.6% at 7,063.44.
Thursday was a solid day for the broad U.S. markets, with each index posting a gain of at least 1.3%. What stands out about Thursday is that momentum slowly built over the course of the day as opposed to within just the last hour of trading. Crude oil also posted a handy recovery from Wednesday. The S&P 500 sectors were almost entirely positive. The most positive sectors were energy, technology, and materials up 2.1%, 2.0%, and 1.9%, respectively. The “worst” performing sector was real estate which was just flat on the day.
Crude oil was up 0.8% at $64.90.
Gold was relatively flat at $1,328.70.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Walgreens Boots Alliance, Inc. (NASDAQ: WBA) which traded down about 3% at $65.47. The stock’s 52-week range is $63.82 to $89.69. Volume was 8 million compared to the daily average volume of 5.8 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Thursday was Centene Corp. (NYSE: CNC) which rose over 6% to $106.83. The stock’s 52-week range is $69.20 to $112.42. Volume was 1.8 million compared to the daily average volume of 1.4 million.