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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 open: Stocks mostly higher as traders look ahead to tech earnings

(Sharecast News) - Major indices mostly traded higher early on Monday as market participants looked ahead to a number of big-name earnings and major macro points scheduled for release later in the week. As of 1540 BST, the Dow Jones Industrial Average was up 0.39% at 40,270.80, while the S&P 500 advanced 0.08% to 5,529.67 and the Nasdaq Composite came out of the gate 0.13% softer at 17,360.87.

The Dow opened 157.30 points higher on Monday, extending modest gains recorded in the previous session but leaving the blue-chip index on a course for a monthly loss in April.

Investors will be zeroed in on quarterly earnings reports from "Magnificent Seven" tech giants Amazon, Apple, Meta Platforms and Microsoft this week, as well as numbers from the likes of soft-drinks behemoth Coca-Cola, credit card services firm Visa and drugmaker Eli Lilly.

Also of note, the S&P 500 was on track to deliver its worst performance over the first 100 days of a new presidency in more than half a century, with the index down almost 8% since Trump's inauguration on 20 January despite his promise of a "boom like no other" amid ongoing tariff uncertainty, mass layoffs of Federal employees, and an aggressive stance on undocumented workers.

On the macro front for Monday, the Dallas Federal Reserve's manufacturing business index decreased to -35.80 in April, down from -16.30 in March.

Later this week, attention will be on Wednesday's Q1 GDP reading and March's personal consumption expenditures index, the Fed's preferred inflation gauge, while Friday's non-farm payrolls data will likely be the week's primary focus.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Intel Corp. (INTC) $20.84 3.97% Boeing Co. (BA) $183.64 3.20% Dow Chemical Co. (DOW) $30.83 2.70% Caterpillar Inc. (CAT) $311.25 1.57% Goldman Sachs Group Inc. (GS) $552.45 1.39% Chevron Corp. (CVX) $140.16 1.03% Walt Disney Co. (DIS) $91.12 0.93% Amgen Inc. (AMGN) $283.40 0.91% Visa Inc. (V) $338.02 0.85% Walmart Inc. (WMT) $95.80 0.75%

Dow Jones - Fallers

Microsoft Corp. (MSFT) $390.27 -0.40% Walgreens Boots Alliance, Inc. (WBA) $10.97 -0.34% Coca-Cola Co. (KO) $71.68 -0.32% McDonald's Corp. (MCD) $316.62 -0.04% Dowdupont Inc. (DWDP) $0.00 0.00% Salesforce.Com Inc. (CRM) $268.03 0.07% Johnson & Johnson (JNJ) $154.73 0.10% Apple Inc. (AAPL) $209.53 0.12% Verizon Communications Inc. (VZ) $41.99 0.18% Procter & Gamble Co. (PG) $161.38 0.23%

S&P 500 - Risers

Foot Locker Inc. (FL) $12.96 10.49% Alaska Air Group Inc. (ALK) $43.79 4.49% Bath & Body Works, Inc. (BBWI) $30.83 4.21% Albemarle Corp. (ALB) $60.11 4.13% CenturyLink Inc. (LUMN) $3.48 4.03% Intel Corp. (INTC) $20.84 3.97% Celanese Corp. (CE) $45.21 3.86% Macy's Inc. (M) $11.59 3.62% Norwegian Cruise Line Holdings Ltd (NCLH) $17.84 3.57% United Airlines Holdings Inc (UAL) $70.48 3.34%

S&P 500 - Fallers

Nvidia Corp. (NVDA) $108.88 -1.92% Nektar Therapeutics (NKTR) $0.76 -1.91% Colgate-Palmolive Co. (CL) $92.41 -1.60% Dollar General Corp (DG) $92.07 -1.59% Resmed Inc. (RMD) $233.03 -1.21% Kohls Corp. (KSS) $6.99 -1.06% ConAgra Brands Inc (CAG) $24.20 -1.02% Alphabet Inc. Class C (GOOG) $162.37 -0.91% eBay Inc. (EBAY) $67.22 -0.90% Kraft Heinz Co. (KHC) $29.24 -0.86%

Nasdaq 100 - Risers

Intel Corp. (INTC) $20.84 3.97% Qvc Group Inc Series A (QVCGA) $0.16 3.62% Charter Communications Inc. (CHTR) $384.83 2.99% Trip.com Group Limited (TCOM) $58.99 2.56% American Airlines Group (AAL) $9.99 2.51% Regeneron Pharmaceuticals Inc. (REGN) $613.99 1.88% Vodafone Group Plc ADS (VOD) $9.51 1.71% Marriott International - Class A (MAR) $240.16 1.68% Gen Digital Inc. (GEN) $25.68 1.66% Microchip Technology Inc. (MCHP) $47.54 1.39%

Nasdaq 100 - Fallers

Nvidia Corp. (NVDA) $108.88 -1.92% Asml Holdings N.V. (ASML) $670.63 -0.98% Baidu Inc. (BIDU) $89.87 -0.96% Alphabet Inc. Class C (GOOG) $162.37 -0.91% eBay Inc. (EBAY) $67.22 -0.90% NetEase Inc. Ads (NTES) $104.93 -0.87% Kraft Heinz Co. (KHC) $29.24 -0.86% Alphabet Inc. Class A (GOOGL) $160.60 -0.84% Mondelez International Inc. (MDLZ) $65.08 -0.78% Netflix Inc. (NFLX) $1,093.00 -0.77%

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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.

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