US mid-day: Dow at modest gain as ride-sharing apps mix
By Joseph Toppe
16:29, 7 February 2022
Investors are keeping the big US benchmarks in positive trading early on Monday after closing last week with wins for the first time in 2022.
Halfway through the session, the Dow Jones Industrial Average (US30) was up approximately 57 points, or 0.16%, the S&P 500 was up around 0.04%, while the Nasdaq Composite (US100) was roughly 0.04% higher.
Winners & losers: Aviation takes off
In travel stock, shares of American Airlines are up near 4.41%, Delta Airlines is up around 2.57%, Southwest Airlines is roughly 1.45% in the green and United Airlines is almost 3.18% higher.
In banking, shares of JPMorgan are off approximately 0.41%, Goldman Sachs is up around 0.046%, while Bank of America is almost 0.3% in positive territory.
Ride-sharing apps are riding up and down to start the week as Alibaba fell roughly 6.13%, Lyft popped around 3.50%, and Uber surged near 2.38%.
In other stocks, shares of AMC Entertainment Holdings are around 1.56% lower and GameStop is approximately 1.38% down.
What is your sentiment on US30?
Oil: Benchmarks rise
Oil futures receded on Monday as West Texas Intermediate crude for March delivery fell $1.04, or 1.1%, to $91.27 a barrel on the New York Mercantile Exchange, while April Brent crude, the global benchmark, was off 38 cents, or 0.4%, at $92.89 a barrel on ICE Futures Europe.
In energy stock, shares of Hess are up around 0.47% and Exxon Mobil is up roughly 1.57%.
Gold: Metals lift
Gold futures are up as April gold rose $8, or 0.4%, to trade at $1,815.80 an ounce, while March silver was trading 42 cents, or 1.9%, higher at $22.895 an ounce.
Forex: USD down
On Monday, the US dollar remains $0.87 of the euro and $0.74 of the British pound sterling, while slipping on the Canadian dollar to $1.27.
Markets in this article