US mid-day: Benchmarks stay down, cruise lines sink
By Joseph Toppe
16:08, 23 February 2022
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%.
In other auto stocks, Ford is almost 0.38% higher, while Toyota is up roughly 0.36% and BMW is up near 0.81%.
What is your sentiment on US30?
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