US market close: Stocks rise as Dow pops and dollar bounces
By Joseph Toppe
21:02, 8 February 2022
Wall Street investors are pushing the big US gauges into winning territory as the Dow adds over 370 points and the US greenback steps up on the euro.
On Tuesday, the Dow Jones Industrial Average (US30) jumped 1.06%, the S&P 500 went up 0.84%, while the Nasdaq Composite (US100) popped 1.28%.
Halfway through the session, the Dow was up approximately 191 points, or 0.55%, the S&P was up around 0.29%, and the Nasdaq was roughly 0.55% higher.
Winners & losers: Retail booms
In retail, shares of Walmart are 0.014% higher, Costco is up 1.02%, while Kohl’s is up 2.51% and Target is 0.79% in the green.
In related stocks, shares of JB Hunt Transport Services surged 1.25%, Amazon popped 2.2%, and UPS went up 2%.
In the technology sector, shares of Adobe are 0.83% higher, Apple is up 1.85%,while Advanced Micro Devices (AMD) is 3.69% in the green, and Texas Instruments is 1.58% in positive trading.
What is your sentiment on US30?
Oil: Slips lower
Oil futures are down before midweek as West Texas Intermediate crude for March delivery lost $1.96, or 2.2%, to settle at $89.36 a barrel on the New York Mercantile Exchange, while April Brent crude shed $1.91, or 2.1%, to $90.78 a barrel on ICE Futures Europe.
In energy stock, shares of Hess are up 3.95% and Exxon Mobil is up 2.18%.
Gold: Rushes
Gold futures went higher on Tuesday as April gold added $6.10, or 0.3%, to settle at $1,827.90 an ounce, while March Silver spiked 12 cents, or 0.5%, at $23.20 an ounce, after rising 2.7% on Monday.
Crypto: Bitcoin rises
Prominent cryptocurrencies are mixed on Tuesday with bitcoin up 0.48%, ethereum down 1.12%, while litecoin is 1.18% lower, and monero is 3.14% in negative territory.
In other digital assets, bitcoin cash is down 1.17% and dogecoin is 6.26% lower.
Forex: USD gains on euro
On Tuesday, the US dollar moved up to $0.88 of the euro, while holding steady at $0.74 of the British pound sterling and $1.27 of the Canadian dollar.
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