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US English

US mid-day: Wall Street closer to a losing week

By Joseph Toppe

17:41, 17 December 2021

The corner of Wall Street and Broadway in New York
Wall Street may be headed toward a losing week - Photo: Unsplash

Despite a late afternoon rally following the US Federal Reserve’s meeting on Wednesday, the major US benchmarks have stayed down this week.

Halfway through the session on Friday, the Dow Jones Industrial Average was around 470 points lower, or 1.3%, the S&P 500 was off near 0.9%, while the Nasdaq Composite is down about 0.3% after briefly hitting positive territory.

For the week, the Nasdaq is off nearly 3%, while the Dow and S&P are both more than 1% lower.

Winners and losers: Tech stocks limp into Friday

Shares of FedEx are around 5% higher following quarterly earnings and revenue results exceeding expectations. The company also reinstated its original 2022 EPS forecast.

As increasing Omicron cases pop up around the US, shares of Pfizer are down near 3.04%, shares of Johnson & Johnson are around 2.5% lower, while shares of Moderna are spiking nearly 2.88%.

In tech stocks, shares of Apple dropped nearly 1.0%, shares of Meta Platforms are 0.16% lower, and shares of Microsoft are trading down 1.06%, while shares of Amazon are heading the other way at around 0.39%.

In retail, shares of Walmart are around 1.36% off as shares of Costco have dropped nearly 0.43%.

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Oil: Crude prices fall, energy shares follow

Oil futures are lower to end the week with Brent crude, the international benchmark, falling 2% to $73.50 (£55.44) a barrel.


16,424.50 Price
+0.170% 1D Chg, %
Long position overnight fee -0.0260%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 30.0


15,822.90 Price
-0.200% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 1.8


16,651.50 Price
+0.800% 1D Chg, %
Long position overnight fee -0.0221%
Short position overnight fee -0.0001%
Overnight fee time 22:00 (UTC)
Spread 1.5


4,558.70 Price
-0.120% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 0.7

In energy stocks, shares of Exxon Mobil are almost 1.5% off, shares of ConocoPhillips are about 3% lower, while shares of Hess and Diamondback Energy are trading down nearly 3.56% and 2.16% respectively.

In other energy stock, shares of Chevron are almost 1.7% lower.

Gold: Yellow metal hits highwater mark

Gold futures are higher again on Friday and on pace to notch their highest settlement in almost a month.

February gold is up $10.30, or 0.6%, to reach $1,808.50 an ounce.

Forex: US buck gains a step back on euro

On Friday, one US dollar equals 0.89 of the euro, after falling to 0.88 yesterday.

The yield on the benchmark 10-year U.S. Treasury note sank to 1.3772% Friday from 1.422% Thursday.

Read more: Crypto fraudsters took .7bn last year

Markets in this article

AMZN Inc (Extended Hours)
145.31 USD
-1.34 -0.910%
Apple Inc (Extended Hours)
192.68 USD
-0.59 -0.310%
142.84 USD
-0.05 -0.040%
142.84 USD
-0.05 -0.040%
110.79 USD
-2.56 -2.260%

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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 on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

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