On a close-to-close basis, the S&P 500 index had a good day, making yet another new all-time high and closing high ahead of Friday’s job report. However, if one only observed the index during the regular trading hours, it was a choppy day that ended just where it started.
During the premarket session, the index undercut Wednesday’s low (4519.25) falling to 4416, and reversed course. By the open of the regular session, the index was firmly in the green and started the day session at 4537. An early buying surge took the index beyond the pair of highs at the 4540 area and made a new all-time high at 4544, and reversed course.
The slow and steady decline off that high found buyers just ahead of Wednesday’s close (4521.50) only reaching 4522.75 and began to rebound. In a non-spectacular fashion, the index grinded higher and eventually made it back to the level it began the regular session.
The index ended its two-day hiatus without making a new all-time closing high as it ended the session higher by 13.75 handles to close at 4535.
The biggest gainer of the top components was the not so widely followed United Healthcare Group (NYSE: UNH) which added $6.36 or 1.52% to close at $423.71. That far exceeded the index’s gain of 0.28%.
Visa Inc, (NYSE: V), which was hovering over the low of the move for too long, finally gave way becoming the biggest loser of the top components. The issue ended the session lower by $6.02 or 2.62% at $224.18.
No stock of the day today