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Market close: Week ends in red for US indices

By Joseph Toppe

21:43, 12 November 2021

Wall Street
Wall Street - Photo: Unsplash

US benchmarks ended trading with small gains on Friday, despite ending the week with losses and snapping a five-week winning streak.

The Dow Jones Industrial Average went up 179.08 points, or 0.5% to close at 36,100.31, the S&P 500 increased around 0.7% to 4,682.85, while the Nasdaq Composite rallied 1% to 15,860.96.

For the week, the Dow fell 0.6%, the S&P 500 sank 0.3% and the Nasdaq Composite dropped 0.7%.

Job openings stay at record levels

A record 10 million Americans were out of work in September as the US economy struggles to rebound from the Covid-19 pandemic.

The latest data compiled by the US Bureau of Labor Statistics shows there were 10.4 million open jobs on the last business day in September.

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Friday’s winners and losers 

Shares of Facebook parent Meta are up 4%, while shares of Apple, Microsoftand Amazon are all up over 1%.

Shares of Johnson & Johnson closed the day up 1.2% after being up 1.4% halfway through the session. The company recently announced it was splitting into separate publicly traded companies.

Shares of Lordstown Motors continued their freefall Friday, settling at a 17.6% decrease after dropping 10% by mid-day.

Shares of Rivian Automotive closed 5.7% higher to give the start-up a market capitalisation around $111bn.

In assets: yields up, oil down, gold extends gains 

The yield on the benchmark 10-year Treasury note jumped to 1.583% Friday, from 1.451% last week, posting its biggest one-week yield gain in around a month.


16,001.90 Price
+0.280% 1D Chg, %
Long position overnight fee -0.0221%
Short position overnight fee -0.0001%
Overnight fee time 22:00 (UTC)
Spread 2.0


4,558.70 Price
+0.160% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.8


35,426.70 Price
+0.230% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 2.2


16,023.40 Price
+0.420% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8

In the energy sector, West Texas Intermediate crude for December delivery sank 80 cents, or 1% to settle at $80.79 per barrel on the New York Mercantile Exchange.

The move marked a third weekly decline in a row for the US benchmark, which lost 0.6% this week, according to Dow Jones Market Data.

January Brent crude, the global benchmark, shed 70 cents, or 0.8% to $82.17 per barrel on ICE Futures Europe, representing a 0.7% weekly decline.

In metals, gold futures surged nearly 0.3% to close at $1,868.50 an ounce. The session’s gain marks seven straight sessions gold finished in the green.

The closing mark is the highest settlement for an active contract since 11 June and represents the longest winning streak since a nine-day rise ending on 29 July 2020, according to Dow Jones Market Data.

In other metals, silver for December delivery went up five cents, or 0.2% to settle at $25.346 an ounce. For the week, silver is 4.9% higher.

Global markets: wins across the board 

The Stoxx Europe 600 closed 0.3% higher, while in Asia, Japan’s Nikkei 225 went up 1.1%, Hong Kong’s Hang Seng went 0.3% higher and the Shanghai Composite added 0.2%.

In Canada, the Toronto Stock Exchange ended the session up 0.86%.

Read more: Elon Musk tweet fires up Tesla/Rivian comparison

Markets in this article

AMZN Inc (Extended Hours)
147.02 USD
-0.79 -0.540%
Apple Inc (Extended Hours)
189.99 USD
-0.03 -0.020%
Meta Platforms Inc (Extended Hours)
339.42 USD
4.19 +1.250%
Johnson & Johnson (Extended Hours)
151.80 USD
0.15 +0.100%
Johnson & Johnson (Extended Hours)
151.80 USD
0.15 +0.100%

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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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