CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% 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 market close: Dow falls, S&P and Nasdaq rally

By Joseph Toppe

21:16, 14 January 2022

Wall Street
The major US benchmarks have traded mostly in negative territory to start the New Year - Photo: Shutterstock

After closing red across the board during yesterday’s session, two of the three major US gauges rebounded on Friday to end the week.

The Dow Jones Industrial Average went down 0.56%, or 202 points, the S&P 500 went up 0.08% to rally just before the bell, while the Nasdaq Composite improved 0.59%.

Halfway through the session, the Dow was down roughly 077%, the S&P was off near 0.38%, while the Nasdaq was around 0.17% lower after earlier gains.

Wall Street’s 2022 struggles

After experiencing a series of milestone gains in November and December, the major US benchmarks have traded mostly in negative territory to start the New Year.

In an interview with, Kevin Philip, managing director at investment advisor firm Bel Air in Los Angeles, said after two years of returns powered by record breaking fiscal and monetary support, “We are seeing the air come out of market.”

“The New Year has seen a dramatic shift in Fed sentiment toward inflation, and the higher valuation parts of the market are feeling the pain as they reset for a higher interest rate environment,” he continued. “Omicron, in our opinion, will significantly subside in the next two months, and we believe that we have entered a period where the economy will be growing enough for the Fed to tighten policies by ending (quantitative easing) and raising interest rates.”

However, “This will have a negative effect on growth rates and valuations, although the economy will still grow, but at lower rates, as economic strength leads to earnings growth in 2022 and positive equity returns.”

What is your sentiment on US30?

Vote to see Traders sentiment!

Winners & losers: Banks down

On Friday, shares of Wells Fargo are 3.68% higher after the company reported fourth quarter 2021 net income of $5.8bn, or $1.38 per diluted share.

Citigroup is 1.25% down after showing fourth quarter revenues reaching $17bn, while JPMorgan is off 6.15% following an earnings report showing fourth quarter revenues of $20.93bn.

First Republic Bank is 4.22% in the red after reporting earnings on Friday that show a full year increase of 28.5%, while BlackRock is 2.19% lower after reporting 20% growth over the year.


32,913.00 Price
+0.650% 1D Chg, %
Long position overnight fee -0.0241%
Short position overnight fee 0.0018%
Overnight fee time 21:00 (UTC)
Spread 2


15,528.70 Price
+1.090% 1D Chg, %
Long position overnight fee -0.0179%
Short position overnight fee -0.0043%
Overnight fee time 21:00 (UTC)
Spread 1.5


12,914.30 Price
+0.630% 1D Chg, %
Long position overnight fee -0.0241%
Short position overnight fee 0.0018%
Overnight fee time 21:00 (UTC)
Spread 1.8


306.90 Price
+0.260% 1D Chg, %
Long position overnight fee -0.0213%
Short position overnight fee -0.0007%
Overnight fee time 21:00 (UTC)
Spread 0.3

In other banking stock, Bank of America is down by 1.74% and Goldman Sachs is 2.52% in negative territory.

In the technology sector, shares of Advanced Micro Devices (AMD) are up 3.12%, while Nvidia went 1.38% higher and Intel rose 1.38%.

In other tech stock, shares of Apple went up 0.51%, as Microsoft is 1.77% better and Amazon is up 0.57%.

Oil: Crude over $80

Oil futures went up to close the week with West Texas Intermediate crude rising 2.1% to settle at $83.82 a barrel, notching a 6.2% gain for the week.

In energy stock, shares of Hess are 1.29% up, while Chevron is 1.73% higher.

Gold: Metals mix

Gold futures went down on Friday as February gold lost $4.90, or 0.3%, to settle at $1,816.50 an ounce, while March silver went down 24 cents, or 1.1%, to $22.918 an ounce.

Musk tweetElon Musk's tweet about Dogecoin - Photo: Twitter

Forex: Yields up, dollar slips

On Friday, one US dollar equals $1.25 of the Canadian dollar, $0.87 of the euro, and $0.73 of the Pound sterling.

The yield on the benchmark 10-year Treasury note went up to 1.761% Friday, from 1.708% Thursday.

Read more: DOGE jumps 15% after Tesla accepts it as payment

Markets in this article

97.24 USD
1.04 +1.080%
101.05 USD
0.78 +0.780%
161.43 USD
0.77 +0.480%
Bank Of America
28.91 USD
0.23 +0.800%
Bank Of America
28.91 USD
0.23 +0.800%

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.

Latest Economics headlines

Still looking for a broker you can trust?

Join the 500.000+ traders worldwide that chose to trade with

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