US market close: Stocks rise as oil and gold close higher
By Joseph Toppe
21:18, 9 February 2022
Wall Street investors are keeping the major US benchmarks in positive trading during February, after finishing last month down across the board.
On Wednesday, the Dow Jones Industrial Average (US30) went up 305 points, or 0.86%, the S&P 500 went up 1.45%, while the Nasdaq Composite (US100) went 2.08% higher.
Halfway through the session, the Dow was up approximately 291 points, or 0.82%, the S&P was up around 1.14%, and the Nasdaq was roughly 1.42% higher.
Winners & losers: Social soars
After notching big gains in early trading, banking shares are uneven as First Republic Bank surged 1.51%, BlackRock is up 0.82%, while Bank of America dipped 0.18% and Goldman Sachs rose 1.20%
Healthcare shares were mixed during trading with Pfizer down 0.46%, BioNtech up 8.60%, as Moderna went 6.99% higher and Johnson & Johnson slipped 0.012% in the red.
Shares of Meta are up 5.37%, Twitter is up 5.11%, while Snap is 7.16% higher, and Pinterest is 0.45% in the green.
What is your sentiment on US30?
Oil: Gets stronger
Oil futures rose after beginning the day down with West Texas Intermediate crude for March delivery spiking 30 cents, or 0.3%, to settle at $89.66 a barrel on the New York Mercantile Exchange, and April Brent crude jumped 77 cents, or 0.9%, to $91.55 a barrel on ICE Futures Europe.
In energy stock, shares of Hess ended the day along the flatline and Exxon Mobil went down 1.58%.
Gold: Moves up
Gold futures went up on Wednesday as April gold added $8.70, or 0.5%, to settle at $1,836.60 an ounce, while March Silver went up 14 cents, or 0.6%, at $23.341 an ounce.
Crypto: Bitcoin recovers
Prominent cryptocurrencies are higher on Wednesday with bitcoin up 1.06%, ethereum up 4.34%, while litecoin and monero are both 5.21%, and 7.27% into the green respectively.
In other digital assets, bitcoin cash is up 3.45% and dogecoin is 1.21% higher.
Treasury: 10-year lower
The yield on the benchmark 10-year Treasury note went down to 1.940% Wednesday from 1.954% Tuesday, its highest mark since July 2019.
On Wednesday, the US dollar remains $0.88 of the euro, $0.74 of the British pound sterling and $1.27 of the Canadian dollar.
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