US mid-day: February rally goes on as bank stocks bounce
By Joseph Toppe
16:24, 9 February 2022
US stocks are moving up mid-day on Wednesday as the Dow adds nearly 300 points.
Halfway through the session, the Dow Jones Industrial Average (US30) was up approximately 291 points, or 0.82%, the S&P 500 was up around 1.14%, while the Nasdaq Composite (US100) was roughly 1.42% higher.
During trading on Tuesday, the Dow jumped 1.06%, the S&P went up 0.84%, and the Nasdaq popped 1.28%.
Winners & losers: Aviation flies
In banking, shares of JPMorgan are up approximately 0.63%, Goldman Sachs is up around 1.46%, while Bank of America is almost 0.70% in green territory.
Ride-sharing apps are also higher on Wednesday as Alibaba popped roughly 3.03%, Lyft went up around 3.45%, and Uber jumped near 4.25%.
In travel stock, shares of American Airlines are up near 2.41%, Delta Airlines is up around 2.24%, Southwest Airlines is roughly 1.06% in the green and United Airlines is almost 2.71% higher.
What is your sentiment on US30?
Oil: Crude retreats
Oil futures are down on Wednesday as West Texas Intermediate crude for March delivery slipped 33 cents, or 0.4%, to $89.03 a barrel on the New York Mercantile Exchange, and April Brent crude lost 14 cents, or 0.2%, to $90.64 a barrel on ICE Futures Europe.
In the energy sector, shares of Diamondback Energy are near 3.68% higher, Chevron is up approximately 0.73%, while ConocoPhillips is up around 2.07%, and Hess is roughly 0.60% in the green.
Gold: Moves up
Gold futures are up midweek as April gold added $2, or 0.1%, to $1,829.90 an ounce, while March silver lost seven cents, or 0.3%, at $23.13 an ounce.
Crypto: Bitcoin down
Prominent cryptocurrencies are mostly higher on Wednesday while bitcoin is down 1.02%, ethereum is up 1.94%, and litecoin and monero jump 3.71%, and 3.29% into the green respectively.
In other digital assets, bitcoin cash is up 2.88% and dogecoin is 0.93% higher.
Treasury: 10-year down
The yield on the benchmark 10-year Treasury note went down to 1.940% Wednesday from 1.954% Tuesday, its highest mark since July 2019.
On Wednesday, the US dollar remains $0.88 of the euro, $0.74 of the British pound sterling and $1.27 of the Canadian dollar.
Markets in this article
Related topics
