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US English

US mid-day: Major indices drop after Wednesday’s win

By Joseph Toppe

15:58, 10 February 2022

Wall Street red light
US dollar dips again on euro as oil and gold mix - Photo: Shutterstock

Forex: USD loses step

On Thursday, the US dollar slipped to $0.87 of the euro, while holding at $0.74 of the British pound sterling and $1.27 of the Canadian dollar.

Wall Street investors are being cautious on Thursday as the Dow falls and tech shares pull the Nasdaq lower.

Halfway through the session, the Dow Jones Industrial Average (US30) was down approximately 150 points, or 0.42%, the S&P 500 was down around 0.57%, while the Nasdaq Composite (US100) was roughly 0.63% lower.

On Wednesday, the Dow went up 305 points, or 0.86%, the S&P went up 1.45%, and the Nasdaq went 2.08% higher.

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Winners & losers: Roku rocks

In the technology sector, shares of Microsoft are down approximately 1.04%, Apple is around 0.91% in the red, while Alphabet is off nearly 0.55% and Intel is off almost 0.46%

Shares of Texas Instruments are down almost 0.72%, Advanced Micro Devices (AMD) is roughly 1.92% in negative trading, while Nvidia is around 0.26% lower and Roku is approximately 5.23% higher.

In the beverage industry, PepsiCo is off near 1.54%, Coco-Cola is roughly 1.82% higher, as Monster Beverage is down almost 1.95% and Molson Coors hovers around 0.35% in the green.


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


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


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


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: Keeps rising

Oil futures are up again on Thursday with West Texas Intermediate crude for March delivery spiking $1.04, or 1.1%, to $90.70 a barrel on the New York Mercantile Exchange, while April Brent crude added 86 cents, or 0.9%, to $92.41 a barrel on ICE Futures Europe.

In the energy sector, shares of Diamondback Energy are near 2.99% higher, Chevron is up approximately 0.094%, while ConocoPhillips is up around 0.85%, and Hess is roughly 0.75% in the green.

Gold: Loses

Gold futures are down on Thursday as April gold futures retreated $3.80, or 0.2%, to $1,832.80 an ounce.

Crypto: Dogecoin down

Prominent cryptocurrencies are mostly green on Thursday with bitcoin up 1.54%, ethereum up 0.06%, and litecoin and monero 1.27% and 0.68% higher respectively.

In other digital assets, bitcoin cash is up 3.66% while dogecoin is 0.79% lower.

Treasury: Yields hop

Yields on 10-year Treasury notes improved to 1.987% from 1.928% Wednesday, while the yield on two-year notes went up to 1.493% from 1.346%.

Markets in this article

Advanced Micro Devices Inc (Extended Hours)
164.60 USD
2.51 +1.550%
Alphabet Inc - A (Extended Hours)
176.57 USD
2.48 +1.430%
Apple Inc (Extended Hours)
190.09 USD
0.24 +0.130%
Bitcoin Cash / Bitcoin
0.00750 USD
0.00021 +2.950%
Bitcoin Cash / USD
493.00 USD
15.1 +3.170%

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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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