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US mid-day: Shares hold gains after Omicron sell-off

By Joseph Toppe

17:02, 22 December 2021

Wall Street signs on a building
Wall Street - Photo: Shutterstock

The big US benchmarks are up again on Wednesday following yesterday’s gains and President Joe Biden’s new plan to fight Omicron.

Halfway through the session, the Dow Jones Industrial Average was up around 120 points, the S&P 500 was approximately 0.5% better, while the Nasdaq Composite was enjoying a slight edge near 0.1%

Through Tuesday trading, the Dow Jones Industrial Average added 560.54 points, or 1.6%, to 35,492.70, the S&P 500 went up 1.8% to 4,649.23, while the Nasdaq Composite popped 3% to 15,341.09.

Biden outlines Omicron fight

On Tuesday, President Biden outlined a plan to help protect Americans, communities, and US hospitals fight the Covid-19 Omicron variant this winter.

According to a White House press release, the Biden Administration will begin deploying additional medical personnel, expanding hospital capacities, and providing resources like supplies and free ventilators to states.

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Winners and losers: Tesla stock rises after final Musk sell

Shares of Tesla are around 3% better after Elon Musk announced he had achieved his mark of selling 10% ownership for tax reasons.

Shares of Caterpillar jumped approximately 1.5% after market analysts at Bernstein upgraded the stock.

In vaccine stock, shares of Pfizer are near 0.5% in the green, shares of Johnson & Johnson are also up around 0.5%, while shares of Moderna remain down, falling to near 5.34% in negative territory.

In the tech industry, shares of Apple are near 0.52% better, shares of Meta Platforms are approximately 0.36% down, as shares of Microsoft and Amazon are 1.24% and 0.93% higher respectively in early trading.


0.68 Price
-0.250% 1D Chg, %
Long position overnight fee -0.0062%
Short position overnight fee -0.0020%
Overnight fee time 21:00 (UTC)
Spread 0.00006


158.32 Price
+0.310% 1D Chg, %
Long position overnight fee 0.0112%
Short position overnight fee -0.0194%
Overnight fee time 21:00 (UTC)
Spread 0.014


1.09 Price
-0.200% 1D Chg, %
Long position overnight fee -0.0086%
Short position overnight fee 0.0004%
Overnight fee time 21:00 (UTC)
Spread 0.00006


1.30 Price
-0.150% 1D Chg, %
Long position overnight fee -0.0046%
Short position overnight fee -0.0036%
Overnight fee time 21:00 (UTC)
Spread 0.00013

On the retail front, shares of Walmart are almost 0.4% in negative territory, while shares of Costco are up almost 0.10%.

Oil: Crude prices stay up mid-week

Oil futures are up on Wednesday after finishing yesterday’s session in the green.

West Texas Intermediate crude for February delivery went up 92 cents, or 1.3%, to $72.04 a barrel on the New York Mercantile Exchange, while February Brent crude, the global benchmark, was up 75 cents, or 1%, at $74.73 a barrel on ICE Futures Europe.

In energy stock, shares of Hess are around 0.28% lower, while shares of Diamondback Energy are better by almost 1.30%.

Gold: Metal makes comeback

Gold futures are up slightly after falling behind during Tuesday trading.

On Wednesday, futures went up 0.3% to $1,793.30 an ounce.

Forex: US buck outworked by euro

On Wednesday, one US dollar equals 0.88 of the euro, losing a small step from its 0.89 position yesterday.

The yield on the 10-year U.S. Treasury note dipped lower to 1.45%.

Read more: Economist: Higher consumer spending drives GDP in US

Markets in this article

AMZN Inc (Extended Hours)
194.35 USD
-0.92 -0.470%
Apple Inc (Extended Hours)
230.23 USD
2.47 +1.090%
336.28 USD
4.53 +1.370%
336.28 USD
4.53 +1.370%
843.11 USD
-4.35 -0.510%

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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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