US mid-day: Stocks rebound after Tuesday’s fall
By Joseph Toppe
16:10, 2 March 2022
Wall Street investors are back in action on Wednesday after starting the week in losing territory.
Halfway through the session, the Dow Jones Industrial Average (US30) was up approximately 560 points, or 1.69%, the S&P 500 was up around 1.56%, while the Nasdaq Composite (US100) was roughly 1.05% in the green.
On Tuesday, the Dow lost 598 points, or 1.77%, the S&P went down 1.55%, and the Nasdaq slipped 1.59% lower.
Winners & losers: GM stands out
In the technology sector, shares of Microsoft are up approximately 0.56%, Apple is up around 0.96%, while Alphabet is nearly 0.18% in the red and Intel is roughly 2.9% in green territory.
Shares of Texas Instruments are almost 1.7% higher, Advanced Micro Devices (AMD) is roughly 1.55% in positive trading, as Nvidia jumped around 1.87% and Roku went down approximately 6.91%.
Auto shares are wobbling on Wednesday with Tesla down nearly 1.15% and General Motors up approximately 2.16%.
In other auto stocks, Ford is almost 6.02% higher, Toyota is approximately 1.57% in the red and BMW is off near 1.75%.
What is your sentiment on US30?
Oil: Spikes
Oil futures are higher mid-week as West Texas Intermediate went up 4.02% to $107.57.
In the energy sector, shares of ConocoPhillips are up roughly 1.90%, Hess is off approximately 3.21%, while Diamondback Energy is down near 0.63%, and Chevron surged around 3.25%.
Gold: Falls
Gold futures are down as April gold lost $13.90, or 0.7%, to trade at $1,929.90 an ounce, and May silver lost 31.1 cents, or 1.2%, to $25.23 an ounce.
Treasury: Rises
Yields on benchmark 10-year Treasury notes went up to 1.796%, from 1.708% on Tuesday.
Markets in this article
