US market close: Dow rises on last day of down month
By Joseph Toppe
20:47, 31 January 2022
The major US benchmarks ended Monday 31 January with gains as the blue-chip Dow added over 400 points after falling in earlier trading.
The Dow Jones Industrial Average went up 405 points, or 1.17%, the S&P 500 popped 1.89%, while the Nasdaq Composite surged 3.41%.
Over the last 30 days, the Dow remains down 3.97%, the S&P is off 5.86%, and the Nasdaq is 10.06% lower.
Winners & losers: Pfizer falls
Shares of airplane manufacturer Boeing are up 5.07%, while in the auto sector, shares of Tesla surged 10.68% and General Motors rose 4.96%.
In retail, Walmart is 1.67% higher, Costco is up 2.58%, while Kohl’s is down 0.75% and Target is 1.27% in the green.
In related stocks, shares of JB Hunt Transport Services are higher by 0.33%, Amazon popped 3.89%, and UPS went up 2%.
Health care shares are mixed during trading with Pfizer down 3.02%, BioNtech up 6.08%, while Moderna is 6.18% higher and Johnson & Johnson is 0.32% in the green.
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Oil: Crude spikes higher
Oil futures are up to start the week as West Texas Intermediate crude for March delivery tacked on $1.33, or 1.5%, to settle at $88.15 a barrel on the New York Mercantile Exchange, while March Brent crude jumped $1.18, or 1.3%, at $91.21 a barrel on ICE Futures Europe.
In energy stock, shares of Hess are 1.42% higher and Exxon Mobil is up by 0.89%.
Gold: Metal moves higher
Gold futures went higher on Monday as April gold, now the most active futures contract, added $9.80, or nearly 0.6%, to settle at $1,796.40 an ounce.
Forex: US dollar dives
On Monday, one US dollar fell to $0.89 of the euro and $1.27 of the Canadian dollar, after rising to $0.90 and $1.28 respectively of the currencies last week.
The US greenback is also down on the Pound sterling, falling again to $0.74 after reaching $0.75 on Friday.
The yield on the benchmark US 10-year Treasury note was nearly flat from Friday’s 1.779%.
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