US mid-day: Market mixed as Dow drops by 256 points
By Joseph Toppe
16:06, 4 February 2022
Investors were cautious on Friday as the major US benchmarks were mixed in early trading.
Halfway through the session, the Dow Jones Industrial Average (US30) was down by approximately 256 points, or 0.73%; the S&P 500 was down around 0.29%; and the Nasdaq Composite (US100) was roughly 0.49% higher.
Winners and losers: aviation and auto nosedives
In travel stock, shares of American Airlines (AAL) are down nearly 2.11%; Delta Airlines (DAL) shares are down around 1.02%; Southwest Airlines (LUV) stock is roughly 0.6% in the red; and United Airlines (UAL) stock is almost 1.74% lower.
Meanwhile, shares of airplane manufacturer Boeing (BA) have slipped around 1.15%, while in the auto sector, shares of Tesla (TSLA) went up almost 1.14% and General Motors (GM) retreated approximately 4.46%.
In other auto stocks, Ford (F) is almost 11.11% lower, while Toyota (7203) is off approximately 1.99% and BMW (BMW) is nearly 4.33% in the red.
What is your sentiment on TSLA?
Oil and energy: benchmarks rise
Oil futures are higher with West Texas Intermediate crude for March delivery adding $2.42 – or 2.7% – to $92.69 a barrel on the New York Mercantile Exchange (NYMEX), while April Brent crude, the global benchmark, gained $2.21 – or 2.4% – to $93.32 a barrel on the ICE Futures Exchange.
In the energy sector, shares of Diamondback Energy (FANG) are near 1.45% higher and Chevron (CVX) stock is up by approximately 0.83%, while ConocoPhillips (COP) stock is up around 2.12% and Hess (HES) is roughly 2.90% in the green.
Gold: glistening above $1,800
Gold futures are up on Friday as gold for April delivery spiked by $3.60 – or 0.2% – to $1,807.70 an ounce, while March silver was up by 19 cents – or 0.9% – at $22.75 an ounce.
Forex: USD wobbles
On Friday, the US dollar slipped again on the euro, falling to $0.87, while adding a step on the Canadian dollar and British pound sterling at $1.28 and $0.74, respectively.
Markets in this article
