May 9, 2018: The S&P 500 closed up 1.0% at 2,697.81. The DJIA closed up 0.8% at 24,542.81. Separately, the Nasdaq was up 1.0% at 7,339.91.
Wednesday was a positive day for the broad U.S. markets with oil hitting and holding above a key milestone. Crude oil reached above $71 in a truly massive move. The S&P 500 sectors were almost entirely positive. The most positive sectors were energy, financials, and materials up 1.9%, 1.4%, and 1.4%, respectively. The worst performing sector was utilities down 0.7%.
Crude oil was up 3.0% at $71.14.
Gold was down 0.2% at $1,311.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Dover Corp. (NYSE: DOV) which traded down about 18% at $76.68. The stock’s 52-week range is $75.88 to $109.06. Volume was 3.7 million compared to the daily average volume of 1.6 million.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was TripAdvisor, Inc. (NASDAQ: TRIP) which rose about 22% to $47.51. The stock’s 52-week range is $29.50 to $50.95. Volume was 18 million compared to the daily average volume of 2.7 million.