US market close: Dow soars as S&P falls late
By Joseph Toppe
21:23, 4 January 2022
The blue-chip Dow closed with a milestone after hitting a new daily high earlier in the session.
The Dow Jones Industrial Average went up 214 points, or 0.59%, the S&P 500 closed 0.6% lower after trading green just before the bell, while the Nasdaq Composite fell 1.33%.
Halfway through the session, the Dow was up around 247 points, or 0.6%, to post an intraday record, the S&P 500 also reached its own intraday milestone early, before falling tech shares pulled it and the Nasdaq roughly 0.2% and 1.8% lower respectively.
Winners and losers: Tech shares doom Nasdaq
Shares of Advanced Micro Devices (AMD) sank 3.87%, while Nvidia dipped 2.76% and Intel slipped 0.13%.
In other tech stock, shares of Apple are down 1.27%, Meta Platforms is down 0.59%, as Microsoft fell 1.71% lower and Amazon went down 1.69%.
With rising Omicron cases around the globe, vaccine makers Pfizer are down 3.74%, Moderna is 0.85% in the red, and Johnson & Johnson is 0.29% in negative territory.
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Oil: Crude hits five-week high
Oil futures went up on Tuesday as Brent crude peaked at $80 a barrel, notching its biggest close in over a month.
March Brent crude spiked $1.02, or 1.3%, to settle at $80 a barrel on ICE Futures Europe after touching a high at $80.55, while West Texas Intermediate crude for February delivery went up 91 cents, or 1.2%, to settle at $76.99 a barrel on the New York Mercantile Exchange.
In energy stock, shares of Hess are 5.69% higher, Chevron is up 1.82%, while Exxon Mobil is 3.76% in the green and ConocoPhillips is 4.34% better.
Gold: Metals edge higher before mid-week
Gold futures closed higher with February gold jumping $14.50, or 0.8%, to settle at $1,814.60 an ounce, while March silver added 25 cents, or 1.1%, at $23.056 an ounce, following a 2.3% drop on Monday.
Forex: US dollar inches closer to euro
On Tuesday, one US dollar equals $1.27 of the Canadian dollar and $0.89 of the euro, after falling to $0.88 of the European currency last week.
The yield on the benchmark 10-year U.S. Treasury note rose to 1.666% from 1.628% on Monday.
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