December 18, 2017
December 18, 2017: The S&P 500 closed up 0.5% at 2,690.34. The DJIA closed up 0.6% at 24,792.96. Separately, the Nasdaq was up 0.8% at 6,994.76.
Monday was a great start to the week for the broad U.S. markets. Again all three of the major exchanges hit all-time highs. Notable highlights here were that the Nasdaq hit over the 7,000 mark for the first time ever and the Dow reached within 125 points of hitting 25,000—less than a month after hitting 24,000. Crude oil was down slightly in Monday’s session. The S&P 500 sectors were mostly positive on the day with one very large exception. The best performing sectors were materials, energy and financials up 1.5%, 0.8% and 1.0%, respectively. The worst performing sectors were utilities and consumer staples down 1.1% and 0.1%, respectively.
Crude oil was down 0.3% at $57.15.
Gold was up 0.6% at $1,264.50.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was Mattel, Inc. (NASDAQ: MAT) which traded down about 4% at $14.84. The stock’s 52-week range is $12.71 to $31.60. Volume was 10 million versus the daily average of 12 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Akamai Technologies, Inc. (NASDAQ: AKAM) which rose about 14% to $65.67. The stock’s 52-week range is $44.65 to $71.64. Volume was 14.5 million compared to its average volume of 2 million.