US mid-day: Stocks turn green as US dollar gains on euro
By Joseph Toppe
16:06, 8 February 2022
Investors are moving stocks higher in early trading after finishing Monday’s session mixed.
Halfway through the session, the Dow Jones Industrial Average (US30) was up approximately 191 points, or 0.55%, the S&P 500 was up around 0.29%, while the Nasdaq Composite (US100) was roughly 0.55% higher.
During trading on Monday, the Dow ended the day along a flatline, the S&P went down 0.37%, and the Nasdaq dropped 0.58%.
Winners & losers: Vaccine shares fall
Health-care stocks are off during Tuesday trading with Pfizer roughly 5.68% in the red, BioNtech down near 7.10%, while Moderna is approximately 5.24% lower and Johnson & Johnson is down almost 0.2%.
Meanwhile, shares of airplane manufacturer Boeing have popped around 0.52%, while in the auto sector, shares of Tesla have jumped almost 0.94% and General Motors is down approximately 4.67%.
In other auto stocks, Ford is almost 2.85% lower, while Toyota is up approximately 0.82% and BMW is down near 0.38%.
What is your sentiment on US30?
Oil: Benchmarks sink
Oil futures are down again on Tuesday as West Texas Intermediate crude for March delivery retreated $1.87, or 2%, to $89.45 a barrel on the New York Mercantile Exchange, while April Brent crude, the global benchmark, slipped $2.05, or 2.2%, to $90.64 a barrel on ICE Futures Europe.
In the energy sector, shares of Diamondback Energy are near 3.18% lower, Chevron is down approximately 1.48%, while ConocoPhillips is off around 1.61%, and Hess is roughly 1.86% in the red.
Gold: Inches higher
Gold futures are up slightly on Tuesday as April gold added $1.87, or 0.1%, to trade at $1,823.50 an ounce, while March silver was trading up by 6.4 cents, or 0.3%, at $23.14 an ounce.
Crypto: Falls across board
Prominent cryptocurrencies are down on Tuesday with bitcoin off 1.27%, ethereum off 2.21%, while litecoin is 2.29% lower, and monero is 2.33% in negative territory.
In other digital assets, bitcoin cash is down 2.35% and dogecoin is 7.73% lower.
Forex: US buck makes move
On Tuesday, the US dollar moved up to $0.88 of the euro, while holding steady at $0.74 of the British pound sterling and $1.27 of the Canadian dollar.
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