CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Market close: Nasdaq starts losing streak on Tuesday

By Joseph Toppe

03:00, 24 November 2021

Wall Street
Wall Street - Photo: Shutterstock

The market was divided during trading on Tuesday after tech stocks pulled the Nasdaq to its second straight losing day.

The Nasdaq Composite ended the session down 0.5%, the S&P 500 closed 1.7% higher, while the Dow Jones Industrial Average was up 0.5% or around 200 points.

At the close of Monday’s session, the Dow Jones Industrial Average rose 17 points, or 0.1%, the S&P 500 fell 3% lower, while the Nasdaq Composite dipped 1.3% lower after starting the day higher.

Winners and losers: Big tech’s fall slows Nasdaq

Shares for Facebook-parent Meta fell over 1%, shares for Microsoft sank 0.8%, while shares for Twitter dropped 0.36% and shares for Netflix plummeted 0.11%.

In other tech stocks, shares for Roku slipped 0.11% during trading on Tuesday.

Shares for Zoom Video Communications sank 17% after the company reported sluggish sales.

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Oil: Crude futures rise after decision to release reserves

Oil futures are trading higher across all markets following US President Biden’s decision to release strategic oil reserves designed to provide relief for Americans at the gas pumps.

West Texas Intermediate crude for January delivery, the U.S. benchmark, jumped $1.75, or 2.5%, to close at $78.50 a barrel, while the global benchmark Brent crude, jumped $2.61, or 3.3%, to $82.31 a barrel.


30.80 Price
-0.060% 1D Chg, %
Long position overnight fee -0.0205%
Short position overnight fee 0.0123%
Overnight fee time 21:00 (UTC)
Spread 0.020

Oil - Brent

84.36 Price
-0.230% 1D Chg, %
Long position overnight fee 0.0285%
Short position overnight fee -0.0504%
Overnight fee time 21:00 (UTC)
Spread 0.032


2,419.70 Price
+0.330% 1D Chg, %
Long position overnight fee -0.0191%
Short position overnight fee 0.0109%
Overnight fee time 21:00 (UTC)
Spread 0.30

Oil - Crude

81.10 Price
-0.260% 1D Chg, %
Long position overnight fee 0.0441%
Short position overnight fee -0.0660%
Overnight fee time 21:00 (UTC)
Spread 0.030

Gold: December metals close mixed

Gold futures are down on Tuesday, threatening to extend their losing skid to four days as the precious metal has now dropped to the lowest value in about two weeks.

December gold traded at $22.50, or 1.2%, lower to settle at $1,783.80 an ounce, marking the lowest finish for a most-active contract since 3 November.

In other metals, December silver dropped 86.6 cents, or 3.6%, to settle at $23.435 an ounce, while December copper jumped 2.7 cents, or 0.6%, to settle at $4.4235 a pound, following a 0.2% slide a session ago.

Forex: Yields rise as US dollar strengthens

The yield on the benchmark 10-year US Treasury note went up to 1.658%, from 1.625% Monday.

During yesterday’s session, the yield on the two-year note climbed to 0.608%, from 0.580% on Monday.

On Tuesday, the dollar strengthened, with the WSJ Dollar Index rising to the highest level since July 2020.

On Tuesday, one US dollar equaled 0.89 of the euro, 0.75 of the pound sterling, 0.93 of the Swiss franc and 1.27 of the Canadian dollar.

Read more: Big oil responsible for high gas prices: US President

Markets in this article

Meta Platforms Inc (Extended Hours)
498.64 USD
0.08 +0.020%
Microsoft Corp (Extended Hours)
453.05 USD
0.33 +0.070%
Microsoft Corp (Extended Hours)
453.05 USD
0.33 +0.070%
Netflix Inc (Extended Hours)
645.15 USD
-1.17 -0.180%
Netflix Inc (Extended Hours)
645.15 USD
-1.17 -0.180%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

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