US mid-day: Dow and S&P rally, Nasdaq stays lower
By Joseph Toppe
16:13, 11 February 2022
The major US benchmarks are mostly higher in early trading while wobbling technology shares keep the Nasdaq in decline.
Halfway through the session, the Dow Jones Industrial Average (US30) was up approximately 158 points, or 0.45%. The S&P 500 was up around 0.16%, while the Nasdaq Composite (US100) was roughly 0.04% lower.
On Thursday, the Dow lost 526 points, or 1.47%, the S&P fell 1.81%, and the Nasdaq lost 2.10%.
Winners & losers: Tech and auto waver
In the technology sector, shares of Microsoft are down approximately 0.74%, Apple is down around 0.028%, while Google parent Alphabet is off nearly 0.29% while Intel is holdiing a 0.12% gain.
Shares of Texas Instruments are lower by approximately 0.68%, Advanced Micro Devices (AMD) is roughly 4.01% in negative territory, and Nvidia declined around 2.75%, but Roku gained approximately 3.31%.
On the social media front, Twitter is up around 1.16%, Facebook parent Meta Platforms is down 1.19%, while Snap is 2.12% in the green and Pinterest rose about 6.07%.
Auto shares are mixed on Friday with Tesla down nearly 1.68% and General Motors up approximately 0.91%.
In other auto stocks, Ford Motor is almost 0.97% higher, Toyota is up approximately 0.39% and BMW added nearly 3.15%.
What is your sentiment on US30?
Oil: Crudes rise
Oil futures are up the last day of the week with West Texas Intermediate for March delivery adding $1.29, or 1.4%, to $91.17 a barrel on the New York Mercantile Exchange, and April Brent crude going up $1.03, or 1.1%, at $92.44 a barrel on ICE Futures Europe.
In the energy sector, shares of Diamondback Energy are nearly 1.37% higher, Chevron is up approximately 1.37%, while ConocoPhillips gained around 0.23%, and Hess is roughly 2.92% in the green.
Gold: Metals sink
Gold futures are down Friday as gold for April delivery lost $5.90, or 0.3%, to $1,831.50 an ounce. March silver shed 51.7 cents, or 2.2%, at $23.005 an ounce.
Crypto: Mixed bag
Prominent cryptocurrencies are mixed on Friday with bitcoin up 0.13%, ethereum up 0.18%, and litecoin and monero 1.90% and 0.58% lower respectively.
In other digital assets, bitcoin cash is off 1.81% while dogecoin is 0.16% higher.
Treasury: Retreats
On Friday, the yield on the benchmark 10-year Treasury note slipped to 2.001% after settling at 2.028% yesterday.
Forex: USD moves again
The US dollar went back up to $0.88 of the euro, while holding at $0.74 to the British pound sterling and $1.27 of the Canadian dollar.
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