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US English

US mid-day: Big 3 indices up, energy futures higher

By Joseph Toppe

17:05, 7 December 2021

Wall Street
Wall Street - Photo: Unsplash

The big US indices are trading up again on Tuesday following a string of losses last week.

Halfway through the session, the Dow Jones Industrial Average was up 569 points, or 1.6%, the S&P 500 was 2.1% higher, while and the Nasdaq Composite was 2.9% in the green.

During yesterday's session, the Dow Jones Industrial Average rose 654 points, or 1.9%, while the Nasdaq Composite went up 1%, and the S&P 500 improved by 1.3%.

Last week, the Nasdaq was saddled with a 2.6% loss, the S&P 500 ended 1.2% lower, while the Dow shed 0.9%.

Winners and losers: Tech stocks rally Nasdaq

On Tuesday, shares for Adobe are up near 4%, while shares for Microsoft, Meta Platforms and Amazon are all near 2% higher.

Contributing to the Dow’s 500-plus point session high, shares for Boeing are up near 1.44% after a private-equity firm ordered 30 more 737 MAX Jets.

Shares for Nvidia are up around 4%, while shares for AMD are over 3% in the green.

Shares for Tesla are up around 3% despite news the electric vehicle maker had to replace cameras in three of its models.

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Oil: Rising crude prices drive energy stock

On Tuesday, futures contracts for West Texas Intermediate crude oil rose 4.6% to $72.65 a barrel.


17,742.90 Price
+0.510% 1D Chg, %
Long position overnight fee -0.0238%
Short position overnight fee 0.0018%
Overnight fee time 21:00 (UTC)
Spread 5.0


5,599.60 Price
+0.120% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 21:00 (UTC)
Spread 0.5


18,476.70 Price
+0.150% 1D Chg, %
Long position overnight fee -0.0214%
Short position overnight fee -0.0008%
Overnight fee time 21:00 (UTC)
Spread 1.5


19,893.80 Price
+0.380% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 21:00 (UTC)
Spread 1.8

February Brent crude, the global benchmark, was trading $2.28, or 3.1%, higher at $75.36 a barrel on ICE Futures Europe, and heading for a fourth straight gain,

Energy stocks are also up with Devon Energy popping 6% and Occidental Petroleum adding 5%.

Gold: Precious metal makes small recovery

Gold futures are up slightly on Tuesday.

February gold was trading $4.50, or 0.3%, higher at $1,784 an ounce, after losing 0.3% yesterday.

March silver is up 14 cents, or 0.6%, to reach around $22.40, after falling 1% on Monday.

Forex: Yields rise after last week’s big drop

On Tuesday, one US dollar equals 0.89 of the euro after falling to 0.88 last week.

The 10-year Treasury yield up to 1.45%, after falling to 1.36% Friday, its lowest level since late September.

Read more: US coal sees resurgance as power providor 

Markets in this article

Advanced Micro Devices Inc (Extended Hours)
162.26 USD
1.94 +1.210%
AMZN Inc (Extended Hours)
189.34 USD
0.96 +0.510%
Boeing Co (Extended Hours)
184.91 USD
0.05 +0.030%
Boeing Co (Extended Hours)
184.91 USD
0.05 +0.030%
48.71 USD
0.42 +0.870%

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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.
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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