CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading CFDs. 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: Shares stay green ahead of holiday break

By Joseph Toppe

21:33, 23 December 2021

Santa with computer
US markets slower on Thursday while Santa checks his naughty or nice list - Photo: Shutterstock

Trading was light on Wall Street Thursday as the US indexes closed the day with their third winning session in a row.

The Dow Jones Industrial Average went up 196 points, or 0.55%. The S&P 500 jumped 0.6% to finish at a record, while the Nasdaq Composite rose 0.85%.

Halfway through the session today, the Dow Jones Industrial Average was around 212 points higher, or 0.6%, the S&P 500 was up about 0.7%, and was just 0.4% from its record high, while the Nasdaq Composite was also up nearly 0.7% in early trading.

Winners and losers: Vaccine shares vary

As Omicron concerns are alleviated by US federal planning and vaccine upgrades, shares of Pfizer are 1.41% down, shares of Johnson & Johnson are 0.19 higher, while shares of Moderna are still in the red, falling to 0.55% in decline.

In travel stock, Carnival is down 0.31%, as shares of Hilton Worldwide popped 1.39%.

In other parts of the travel industry, shares of Southwest Airlines settled with a 1.86% jump on Thursday and United Airlines added 0.67%.

In the tech industry, shares of Microsoft are up 0.45%, and shares of Nvidia and Apple are 0.82% and 0.36% better respectively.

Meanwhile, Amazon is slightly higher at 0.018% after the company announced it had settled with the National Labor Relations Board and will allow its employees to unionise.

EUR/USD

1.04 Price
+0.610% 1D Chg, %
Long position overnight fee -0.0081%
Short position overnight fee -0.0001%
Overnight fee time 22:00 (UTC)
Spread 0.00080

USD/JPY

156.48 Price
-0.640% 1D Chg, %
Long position overnight fee 0.0077%
Short position overnight fee -0.0159%
Overnight fee time 22:00 (UTC)
Spread 0.080

GBP/USD

1.26 Price
+0.500% 1D Chg, %
Long position overnight fee -0.0032%
Short position overnight fee -0.0051%
Overnight fee time 22:00 (UTC)
Spread 0.00110

AUD/USD_zero

0.63 Price
+0.180% 1D Chg, %
Long position overnight fee -0.0036%
Short position overnight fee -0.0046%
Overnight fee time 22:00 (UTC)
Spread 0.00040

In other tech stocks, shares of Meta Platforms are trading 1.45% up.

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Oil: Crude stays up for third win

Oil futures recorded their third winning day in a row to match the major US benchmarks on Thursday.

West Texas Intermediate crude for February delivery went up $1.03, or 1.4%, to close at $73.79 a barrel on the New York Mercantile Exchange, while February Brent crude, the global benchmark, spiked $1.56, or 2.1%, to finish at $76.85 a barrel on ICE Futures Europe.

In energy stock, shares of Hess are off by 0.69%, while shares of Chevron are up 0.29%.

Gold: Yellow metal hits five-week high

Gold futures went up on Thursday as February delivery traded up $9.50, or 0.5%, to settle at $1,811.70 an ounce, marking the highest settlement since 19 November.

Forex: Dollar outperforms yen, lags euro and Swiss franc

On Wednesday, one US dollar equals 0.75 of the Pound sterling, and 0.88 of the euro, losing a small step from its 0.89 position yesterday. The dollar is 0.92 of the Swiss franc.

The yield on the benchmark 10-year Treasury note improved to 1.492% Thursday from 1.457% Wednesday.

Read more: New home sales in US highest since April

Markets in this article

AMZN
Amazon.com Inc (Extended Hours)
225.05 USD
1.93 +0.870%
AAPL
Apple Inc (Extended Hours)
255.01 USD
4.9 +1.960%
CCL
Carnival Corp (Extended Hours)
26.83 USD
1.44 +5.700%
CVX
Chevron
143.10 USD
1.48 +1.050%
CVX
Chevron
143.10 USD
1.48 +1.050%

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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.
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