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Mid-day: US gauges on pace for losing week, job openings high

By Joseph Toppe

17:11, 12 November 2021

Wall Street
Wall Street - Photo: Unsplash

US shares are moving higher mid-day on Friday, despite a weak job openings report and the major indices sinking lower for the week.

By intraday, the Dow Jones Industrial Average was up around 150 points, or 0.4%, while the S&P 500 was up about 0.6% and the Nasdaq Composite was trading stock 0.8% higher.

For the week, the major gauges are closing in on a losing week for the first time in over a month. Currently, the Dow is down about 0.6%, the S&P 500 is 0.4% lower, and the Nasdaq Composite is off around 0.8%.

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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Winners and losers

Shares of Johnson & Johnson are up 1.4% after the company announced it was splitting into separate publicly traded companies.

In the EV-auto sector, shares of Rivian Automotive are up 5.05% to give the start-up a market capitalisation around $111bn.


4,544.40 Price
-0.210% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.8


15,936.60 Price
-0.190% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8


35,323.10 Price
-0.100% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 2.2


17,372.60 Price
-0.610% 1D Chg, %
Long position overnight fee -0.0261%
Short position overnight fee 0.0042%
Overnight fee time 22:00 (UTC)
Spread 5.0

Shares of Tesla are down 3.46% as traders weigh in on Elon Musk’s sale of $5bn in stock earlier this week.

Shares of Lordstown Motors sank 10% Friday after the company reported a loss for the third quarter.

In assets, bond markets re-open, oil drops

The bond market reopened after a break for Veterans Day. The yield on benchmark 10-year Treasury notes rose to 1.564%, from 1.558% Wednesday.

In the energy sector, West Texas Intermediate crude for December delivery sank 60 cents, or 0.7% to $80.99 a barrel on the New York Mercantile Exchange, leaving the US benchmark on track for a 0.3% weekly fall.

January Brent crude, the global benchmark, was 51 cents lower, or 0.6% at $82.36 a barrel on ICE Futures Europe, headed for a 0.5% weekly decline.

Global markets: Mixed bag

The Stoxx Europe 600 was up 0.1%, while in Asia, Japan’s Nikkei 225 rose 1.1%, Hong Kong’s Hang Seng 0.3% and the Shanghai Composite added 0.2%. Canada's TSX Composite is up 0.66% mid-day Friday. 

Read more: Record high US job openings continue in September

Markets in this article

Johnson & Johnson (Extended Hours)
151.33 USD
-0.21 -0.140%
Johnson & Johnson (Extended Hours)
151.33 USD
-0.21 -0.140%
Rivian Automotive Inc.
16.71 USD
0.23 +1.410%
Tesla Inc (Extended Hours)
236.37 USD
0.31 +0.130%

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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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