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 stocks rebound after Black Friday sell-off

By Joseph Toppe

17:35, 29 November 2021

The Wall Street bull market was continuing on Monday after a Friday selloff over the Omicron variant
U.S. stocks were up in midday trading Monday in a rebound from the sell-off on Friday - Photo: Shutterstock

The major US gauges are recording gains in early trading on Monday, after the Covid-19 variant Omicron sent traders into a selling frenzy on Friday.

By intraday, the Dow Jones Industrial Average was up over 185 points or 0.53%, the S&P 500 was up 1.19%, while the Nasdaq Composite was 1.69% higher.

At the close of trading on Black Friday, the Dow Jones Industrial Average plummeted around 905 points, or 2.5%, to post its worst day of the year, while the S&P 500 went down 2.3% and the Nasdaq Composite was right behind with a 2.2% dip during session trading.

At its session low, the Blue-Chip Dow lost over 1,000 points.

Omicron: What can traders expect?

In an interview with Capital.com, Vinod Jain, Senior Analyst at the Aite-Novarica Group in New Jersey, said “international travel will take another hit, but the holiday’s season low trading average would act as a barrier.”

“If the new variant was discovered before October, the fall would have been greater,” he said. “Alongside the government’s response to Omicron, investors will be watching for the new infrastructure bill.”

What is your sentiment on US30?

36057.1
Bullish
or
Bearish
Vote to see Traders sentiment!

Winners and losers: Twitter CEO steps down; stock rises

Shares of Twitter are up 1.8% after company CEO Jack Dorsey announced he was resigning from his executive role with the company, effective immediately.

In other tech stocks, shares of Microsoft are 2.4% higher, while shares for both Amazon and Apple are up 1% each.

Shares of Tesla are up over 4% after Elon Musk emailed company employees to stop rushing quarterly deliveries.

Shares of Moderna are surging 9.7% as the new Covid-19 strain, Omicron, creates further disruptions in the global supply chain. The company’s stock surged more than 20% Friday after Moderna said it was working to rapidly advance an Omicron-specific booster candidate.

US500

4,551.50 Price
-0.270% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 0.7

US30

36,057.10 Price
-0.120% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 2.2

US100

15,803.90 Price
-0.390% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 1.8

DE40

16,634.50 Price
+0.690% 1D Chg, %
Long position overnight fee -0.0221%
Short position overnight fee -0.0001%
Overnight fee time 22:00 (UTC)
Spread 1.5

In travel stocks, shares of both Delta Airlines and American Airlines were down 0.2% and 0.9%, respectively

Oil: Energy prices rebound after Black Friday

Crude oil futures are up on Monday, with benchmark US crude up 3.2% to $70.30 a barrel, while Brent crude, the international benchmark, is up 3% to $73.73 a barrel.

On Friday, West Texas Intermediate slumped 13.1%, to close at $68.15 a barrel on the New York Mercantile Exchange, notching the biggest one-day drop for a front-month contract since 2020.

Also on Friday, Brent tumbled 11% and both contracts saw their lowest close since 9 September.

Gold: Precious metal seesaws in early trading

Gold futures are between gains and losses on Monday, while prices for gold could settle below $1,800 an ounce for a fourth session in a row.

On Comex Monday, the most active February gold contract jumped 60 cents, or less than 0.1%, to $1,788.70 an ounce, while December gold improved by 70 cents, or less than 0.1%, at $1,786.20 an ounce.

Forex: Yields are up, US dollar lighter than Euro and Pound

On Monday, one US dollar equals 0.89 of the Euro, 0.75 of the Pound sterling, and 1.28 of the Canadian dollar.

The yield on the benchmark 10-year Treasury note rose to 1.517% from 1.484% Friday.

Read more: Omicron variant boosts vaccine maker stocks MRNA and BTNX

Markets in this article

AMZN
Amazon.com Inc (Extended Hours)
144.80 USD
-2.04 -1.390%
AAPL
Apple Inc (Extended Hours)
192.46 USD
-0.93 -0.480%
DAL
Delta Air Lines Inc (Extended Hours)
39.15 USD
1.53 +4.070%

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 Capital.com

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