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Market close: US benchmarks closed mixed amid rising inflation

By Joseph Toppe

21:40, 11 November 2021

Consumer - Photo: Shutterstock

The three major US indices finished trading on Thursday up and down a day after the US Bureau of Labor Statistics report showed consumers were spending more.

At the close of Thursday’s session, the tech-heavy Nasdaq Composite was up 0.5% to finish at 15,704.28, the S&P 500 finished the day 0.06% higher at 4,649.27, while the Dow Jones Industrial Average went the other way, dropping 158.71 points, or 0.4% to 35,921.23.

The latest report from the US Bureau of Labor Statistics showed consumer prices in October increased by their largest mark in more than three decades, sending the major US equity indices lower on Wednesday.

Thursday’s winners and losers

Following yesterday’s selloff, tech shares rebounded during Thursday trading.

Shares of Nvidia are up 3.2% after rising just above 2% by intraday, shares of AMD ended 4.4% higher after being up over 2% halfway through the session.

Shares of Facebook parent Meta are 0.14% higher, while shares of Google parent Alphabet are 0.11% better.

Shares of Tesla reversed 0.4% after regulatory filings showed Elon Musk sold $5bn of his shares earlier in this week.

Among other auto stocks, shares for Rivian Automotive are 18% higher, following a 29% spike when the electric vehicle company debuted in trading during yesterday’s session.

Weighing down the Dow, shares of Walt Disney’s stock closed over 7% in the red, a day after the entertainment company reported a slowdown in subscriber growth brought on by Covid-19 lockdowns.

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41,703.25 Price
+5.130% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


0.62 Price
-0.410% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168


15,803.70 Price
-1.150% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8

Oil - Crude

73.34 Price
-1.600% 1D Chg, %
Long position overnight fee -0.0200%
Short position overnight fee -0.0019%
Overnight fee time 22:00 (UTC)
Spread 0.040

In assets – Bond markets close to celebrate Veteran’s Day

The dollar added 0.1% Thursday, with the WSJ Dollar Index at its highest level since September 2020.

The US bond market is closed Thursday to observe the Veterans Day holiday.

In the energy sector, West Texas Intermediate crude for December delivery rose 25 cents, or 0.3%, to settle at $81.59 a barrel on the New York Mercantile Exchange after posting a loss of 3.3% Wednesday.

January Brent crude, the global benchmark, rose 23 cents, or 0.3% at $82.87 per barrel on ICE Futures Europe.

Global markets - Mixed bag

The pan-continental Stoxx Europe 600 popped 0.3% to close with a new high.

In Asia, most major benchmarks rose. The Shanghai Composite Index went up 1.2%, while the Hang Seng Index improved 1%.

Read more: Cryptocurrency CityCoins comes to New York City

Markets in this article

Advanced Micro Devices Inc (Extended Hours)
118.54 USD
-2.98 -2.460%
Alphabet Inc - A (Extended Hours)
129.51 USD
-2.78 -2.120%
Meta Platforms Inc (Extended Hours)
319.55 USD
-5.41 -1.670%
NVIDIA Corp (Extended Hours)
453.45 USD
-14.45 -3.090%
NVIDIA Corp (Extended Hours)
453.45 USD
-14.45 -3.090%

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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.
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