US mid-day: Wall Street mixed after holiday boom
By Joseph Toppe
16:38, 28 December 2021
Following a series of winning sessions, US stocks are lower or just above flat in early trading on Tuesday.
Halfway through the session, the Dow Jones Industrial Average is hovering around a 0.42% gain, the S&P 500 is sitting near a 0.05% improvement, while the Nasdaq Composite is down around 0.33%.
During Monday trading, the S&P 500 went up 1.4% to close at 4,791.19, after the index hit an intraday record for the first time in over a month. The Dow Jones Industrial Average popped 351.82 points, or near 1%, at 36,302.38, while the Nasdaq Composite added 1.4% to 15,871.26.
Winners and losers: Travel shares rebound
As Omicron restrictions are eased, shares of American Airlines are near 1.79% higher, Delta Airlines is up around 1.67%, while Southwest Airlines is approximately better by 1.95% and United Airlines is holding near 2.16% in the green.
In other travel stock, shares of Carnival are better by almost 2%, Royal Caribbean is up near a 0.48% increase, and Norwegian Cruise Line is roughly 0.44% in positive territory.
Vaccine makers Pfizer and Moderna are both down by 3.38% and 2.09% respectively.
Meanwhile, shares of Johnson & Johnson are up near 3.3%.
What is your sentiment on XOM?
Oil: Crude hits highest mark in month
Oil futures are up to levels on Tuesday not seen since November.
West Texas Intermediate crude for February delivery was trading $1.16 higher, or 1.6%, to reach $76.75 a barrel on the New York Mercantile Exchange, while February Brent crude, the global benchmark, improved $1.18, or 1.5%, to trade at $79.40 a barrel on ICE Futures Europe.
In energy stock, shares of Exxon Mobil are almost 0.6% down, while Chevron is around 0.3% off.
Gold: Yellow metal targets monthly high
Gold futures are up big in early Tuesday trading with February gold popping $9.20, or 0.5%, to reach $1,818 an ounce.
Gold is now on pace to its highest settlement since 19 November.
Forex: Pound holds edge on US dollar
On Tuesday, one US dollar equals $0.88 of the euro, $1.28 of the Canadian dollar, $1.38 of the Australian dollar, and $0.74 of the Pound sterling.
The yield on the benchmark 10-year Treasury note declined to 1.466% from 1.480% on Monday.
Read more: US retail rebounds online this Christmas
Markets in this article
Related topics