US market close: Big indexes continue positive week
By Joseph Toppe
21:25, 7 December 2021
After posting strong gains during yesterday’s session, US stocks are up again on Tuesday.
The Dow Jones Industrial Average went up 494 points, or 1.3%, the S&P 500 tacked on 1.9%, just 1% away from its all-time high, while the Nasdaq Composite surged a market leading 2.8%.
Halfway through the session, the Dow Jones Industrial Average was up 569 points, or 1.6%, the S&P 500 was 2.1% higher, and the Nasdaq Composite was up 2.9%.
Winners and losers: Tech shares power Nasdaq’s rise
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Oil: Crude reaches highest point in half month
Oil futures are up on Tuesday, hitting their highest peak in two weeks.
West Texas Intermediate crude for January delivery added $2.56, or 3.7%, to settle at $72.05 a barrel on the New York Mercantile Exchange, after a 4.9% pop on Monday.
February Brent crude, the global benchmark, went up $2.36, or 3.2%, to close at $75.44 a barrel on ICE Futures Europe, notching a fourth straight gain.
Gold: Precious metal hits weekly high
Gold futures settled at their highest point in more than week on Tuesday.
February gold improved $5.20, or 0.3%, to settle at $1,784.70 an ounce.
Forex: US dollar holds position versus Euro
On Tuesday, one US dollar equals 0.89 of the euro after falling to 0.88 last week.
In bond markets, the yield on the benchmark 10-year Treasury note ticked up to 1.463% Tuesday from 1.433% Monday.
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