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US English

US mid-day: Benchmarks stay down, cruise lines sink

By Joseph Toppe

16:08, 23 February 2022

Data illustration
Crude prices skid as energy shares spike mid-day - Photo: Unsplash

Stocks are down again on Wednesday as an elevating crisis between Russia and Ukraine slows investors.

Halfway through the session, the Dow Jones Industrial Average (US30) was down approximately 46 points, or 0.14%, the S&P 500 was down around 0.33%, while the Nasdaq Composite (US100) was roughly 0.59% lower.

On Tuesday, the Dow lost 482 points, or 1.42%, the S&P went down 1.01%, and the Nasdaq slipped 1.23% in the red.

Winners & losers: Auto shares accelerate

As potential war between Russian and Ukraine slows global travel, shares of Carnival are down roughly 2.14%, Norwegian Cruise Line is down near 2.16%, and Royal Caribbean is almost 1.94% in the red.

Ride-sharing apps are also down on Wednesday as Alibaba fell roughly 0.97%, Lyft dropped around 2.98%, and Uber fell near 2.55%.

Meanwhile, shares of airplane manufacturer Boeing hopped around 0.12%, while in the auto sector, shares of Tesla slipped almost 2.92% and General Motors went up approximately 1.30%.


5,305.70 Price
+0.240% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 21:00 (UTC)
Spread 1.7


18,549.60 Price
+0.020% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 21:00 (UTC)
Spread 7.0


19,724.90 Price
+0.810% 1D Chg, %
Long position overnight fee -0.0225%
Short position overnight fee 0.0005%
Overnight fee time 21:00 (UTC)
Spread 30.0


39,997.70 Price
+0.360% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 21:00 (UTC)
Spread 11.0

In other auto stocks, Ford is almost 0.38% higher, while Toyota is up roughly 0.36% and BMW is up near 0.81%.

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Oil: Slips

Oil futures are down as West Texas Intermediate crude for April delivery lost 30 cents, or 0.3%, to $91.61 a barrel on the New York Mercantile Exchange, and April Brent crude shed 20 cents, or 0.2%, at $96.64 a barrel on ICE Futures Europe.

In the energy sector, shares of Diamondback Energy are near 2.38% higher, Chevron is up approximately 2.16%, while ConocoPhillips is up around 1.46%, and Hess is roughly 1.34% in the green.

Gold: Moves up

Gold futures are up slightly on Wednesday, rising 0.10% to $1,909.30.

Treasury: Yield lifts

The yield on 10-year Treasury notes rose to 1.988% from 1.947% Tuesday.

Markets in this article

96.26 USD
-0.62 -0.640%
Boeing Co (Extended Hours)
185.00 USD
1.91 +1.050%
Boeing Co (Extended Hours)
185.00 USD
1.91 +1.050%
Carnival Corp (Extended Hours)
15.04 USD
0.08 +0.540%

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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 in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

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