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US English

US mid-day: Dow at modest gain as ride-sharing apps mix

By Joseph Toppe

16:29, 7 February 2022

Wall Street
Aviation stocks take off, while ride-sharing is mixed - Photo: Unsplash

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.

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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


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


18,731.50 Price
+0.240% 1D Chg, %
Long position overnight fee -0.0221%
Short position overnight fee -0.0001%
Overnight fee time 21:00 (UTC)
Spread 8.0


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

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

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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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