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US English

US market close: Dow rises on last day of down month

By Joseph Toppe

20:47, 31 January 2022

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- Photo: Shutterstock

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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17,040.50 Price
-2.180% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0044%
Overnight fee time 22:00 (UTC)
Spread 5.0


16,187.90 Price
+1.210% 1D Chg, %
Long position overnight fee -0.0221%
Short position overnight fee -0.0001%
Overnight fee time 22:00 (UTC)
Spread 2.0


16,016.60 Price
+0.010% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8


35,520.10 Price
+0.360% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 2.2

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%.

Markets in this article

AMZN Inc (Extended Hours)
146.62 USD
-0.52 -0.350%
BioNtech SE (Extended Hours)
99.82 USD
1.24 +1.270%
BioNtech SE (Extended Hours)
99.82 USD
1.24 +1.270%
Boeing Co (Extended Hours)
225.04 USD
1.8 +0.810%
Boeing Co (Extended Hours)
225.04 USD
1.8 +0.810%

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Related reading

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.

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