CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.
US English

Mid-day: US shares drop early Wednesday amid retail earnings

By Joseph Toppe

17:38, 17 November 2021

Wall Street
Wall Street - Photo: Unsplash

The major US indices are down in early trading Wednesday as investors digest a string of earnings reports from big-box retailers.

By intraday, the Dow Jones Industrial Average was off by 195 points, or 0.4%, while the S&P 500 and the Nasdaq Composite were both 0.1% lower.

A 5% dip in Visa stock helped pull the Dow lower on Wednesday.

Yesterday, the Dow added 54.77 points, or 0.15%, the S&P 500 improved 0.39%, while the Nasdaq Composite jumped 0.76%.

Winners and losers: Blue-chip Boeing wins for Dow

Shares of Boeing nosed up almost 2% after the company received an Akasa Air order for its 737 MAX worth $9bn (£6.67bn). The Seattle-based company’s stock has been slow in 2021, up just 6.5%.

Shares of Target are down 5.12% despite the company taking on more staff as the US retailer reported third-quarter earnings that beat analysts' expectations. For the third-quarter ending on 30 October, net income rose 47% to $1.49bn from $1.01bn a year earlier, according to a press release.

By 12 noon EDT (UTC -5), shares of Lowe’s were up 1.01% after the home improvement retailer showed both profit and revenue from the third quarter exceeding expectations. The store also reported an increase in same-store sales and raised its full-year outlook.

Shares of Tesla are up 3.65%, after reversing 15.4% during last week’s trading. The drop in the EV-maker’s stock followed CEO Elon Musk selling more than $10bn in stock options.

What is your sentiment on BA?

Vote to see Traders sentiment!

Oil today: Prices sink ahead of industry report

Oil prices are lower in early trading as investors eye the release of inventory data from the Energy Information Administration later today.

US crude supplies went up 655,000 barrels for the week ending on 12 November, while West Texas Intermediate crude sank 0.9% to $80.08 a barrel.


7.04 Price
-6.420% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 0.03


239.47 Price
+1.740% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 0.41


466.18 Price
+2.760% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 0.23


15.21 Price
-11.280% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 0.17

Brent crude, the international benchmark, dropped 1% to $81.54 a barrel.

Gold today: Metal breaks two-day losing skid

Gold futures are up on Wednesday following a drop in each of the last two trading sessions.

On Wednesday, December gold jumped $13.90, or 0.8% to trade at $1,868 an ounce.

In other metals, silver for December delivery on Comex spiked 27.6 cents, or 1.1% to $25.22 an ounce.

December copper was off 1.4% at $4.289 a pound, while January platinum lost 0.3% to $1,071.50 an ounce and December palladium went up 0.1% to $2,169 an ounce.

Forex today: US Dollar, Euro lose value

The yield on the 10-year Treasury note was flat at around 1.64%, while the ICE US Dollar Index, a measure of the currency against a basket of six major rivals, was steady.

The Canadian dollar/US dollar currency pair saw a small, sharp movement on Wednesday's data release. As of 9:17 am EST (UTC -5), the Canadian dollar – nicknamed “the loonie” – shed 0.21% at $0.795

In early trading, the US dollar is down 0.2% at 114.61, while the Euro is down less than 0.1% at $1.1319

Read more: Canadian annual inflation up 4.7% in October

Markets in this article

Boeing Co (Extended Hours)
234.09 USD
-0.63 -0.270%
Boeing Co (Extended Hours)
234.09 USD
-0.63 -0.270%
Boeing Co (Extended Hours)
234.09 USD
-0.63 -0.270%
132.97 USD
-0.75 -0.560%
Tesla Inc (Extended Hours)
239.47 USD
4.09 +1.740%

Rate this article

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 on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading