May 22, 2017
May 22, 2017: The S&P 500 closed higher on the day, up 0.5% at 2,393.91. Separately the DJIA closed up 0.4% as well at 20,894.90. The Nasdaq closed up 0.8% at 6,133.62.
The broad markets kicked off the week with solid gains on Monday. Practically all of the sectors and industries were showing gains on the day, with an emphasis on the tech sector. Some of the mid- and small-cap oil & gas stocks were lower on the day despite crude oil moving above the $50 mark for the first time in over a month. Following the Saudi arms deal, aerospace and defense stocks were incredibly positive on the day too.
Crude oil broke the $50 level and was last trading higher on the day up 1% at $50.81.
At the same time, gold was higher, up about 0.6% closing at $1,261.00.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Monday was The Mosaic Co. (NYSE: MOS) which traded down 2.4% at $23.09. The stock’s 52-week range is $22.43 to $34.36. Volume was 4.2 million versus the daily average of 5.1 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Monday was Brown-Forman Corp. (NYSE: BF-B) which jumped over 7% to $56.99. The stock’s 52-week range is $43.72 to $58.01. Volume was 3.6 million on the day.