Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

US pre-open: Stocks seen up ahead of Microsoft, Alphabet results

(Sharecast News) - US stock futures pointed to a firmer open on Wall Street on Tuesday as investors eyed results from tech giants Alphabet and Microsoft after the close. At 1215 BST, Dow Jones Industrial Average futures were up 0.5%, while S&P 500 and Nasdaq futures were 0.5% and 0.6% firmer, respectively.

Neil Wilson, chief market analyst at Markets.com, said: "We've talked about the Magnificent Seven propping up the equity market this year but it's got kind of extreme. Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia and Tesla, have driven all of the gains in global stocks this year.

"Alphabet and Microsoft report today. As ever watch the Google owner for read across to digital advertising spending for the likes of Meta and Amazon, as well as Pinterest. And watch Microsoft for cloud spending growth for Amazon."

Ahead of the bell, results were out from Spotify, General Motors, General Electric, Coca-Cola, 3M, Halliburton and Kimberly-Clark.

GM gained in pre-market trade after its third-quarter results beat expectations, but the company withdraw its full-year outlook amid rising costs.

Coca-Cola was also up in pre-market trade after posting better-than-expected third-quarter earnings and lifting its full-year forecasts.

On the macroeconomic front, the S&P Global manufacturing and services PMIs are at 1445 BST, while the Richmond Fed manufacturing index is due out at 1500 BST.

Share this article

Related Sharecast Articles

Broker tips: FRP Advisory, AutoTrader
(Sharecast News) - Analysts at Berenberg raised their target price on liquidators FRP Advisory from 175.0p to 200.0p on Friday, stating the group's FY24 update delivered "sizeable upgrades".
London close: Stocks recoup some earlier losses
(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.
US open: Dow Jones on track for fifth-straight winning week
(Sharecast News) - Wall Street stocks were little changed early on Friday after the blue-chip Dow Jones briefly crossed the psychologically important 40,000-point mark for the first time in its history a day earlier.
FTSE 250 movers: IDS in focus on bid hopes; TUI slips
(Sharecast News) - FTSE 250 (MCX) 20,752.84 -0.34%

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.