Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
US open: Stocks slip amid mixed economic data
(Sharecast News) - Stocks on Wall Street were again trading lower on Thursday, as Meta Platforms joined Alphabet in underwhelming the market with quarterly earnings. Facebook and Instagram owner Meta beat analysts' forecasts - much like Alphabet - but failed to impress with its fourth-quarter guidance and comments about a "softening" ad market, sending its shares down by 6%.
The latest batch of economic data meanwhile was arguably a tad mixed when looking at the details of the reports.
Against that backdrop, as of 1529 BST the Dow Jones Industrials was drifting lower by 0.12% to 32,993.53, alongside a 0.53% drop for the S&P 500 to 4,165.15.
The Nasdaq Composite was faring worst, declining by 0.96% to 12,697.59.
Worth noting, the CBoE's VIX volatility index was up by 4.85% at 21.17.
Yet gold and oil futures were lower, as was the yield on benchmark 10-year U.S. Treasuries.
U.S. GDP growth hit an annualised pace of 4.9% during the third quarter, as household spending leapt higher (consensus: 4.0%).
That was up from 0.8% over the previous three months.
Furthermore, the core PCE price deflator slowed to 2.4% (consensus: 2.5%), its slowest pace of gains since the last quarter of 2019.
But Ian Shepherdson at Pantheon Macroeconomics said such strength in consumption could not be sustained and was anticipating flat GDP growth in the fourth quarter.
Initial weekly jobless claims meanwhile rose by 10,000 to 210,000, as expected.
Durable goods orders surged by 4.7% month-on-month in September, but that was entirely the result - and more - of a near doubling in the often volatile category of orders for civilian aircraft.
On Friday, the much-anticipated personal consumption expenditures index - the Fed's preferred measure of inflation - was forecast to show that core inflation slowed to an annual rate of 3.7% in September from 3.9% in August.
Dow Jones - Risers
International Business Machines Corporation (CDI) (IBM) $142.36 3.85% Merck & Co. Inc. (MRK) $106.25 2.53% Walgreens Boots Alliance, Inc. (WBA) $22.07 1.82% Verizon Communications Inc. (VZ) $34.26 1.68% Travelers Company Inc. (TRV) $166.60 1.14% Dow Chemical Co. (DOW) $47.94 0.84% JP Morgan Chase & Co. (JPM) $141.38 0.70% 3M Co. (MMM) $89.90 0.57% Coca-Cola Co. (KO) $56.40 0.50% Goldman Sachs Group Inc. (GS) $298.17 0.48%
Dow Jones - Fallers
Nike Inc. (NKE) $100.75 -2.69% Microsoft Corp. (MSFT) $332.86 -2.29% Visa Inc. (V) $232.04 -2.03% Cisco Systems Inc. (CSCO) $51.65 -1.42% Chevron Corp. (CVX) $154.04 -1.17% Apple Inc. (AAPL) $169.11 -1.16% Caterpillar Inc. (CAT) $242.62 -0.95% Salesforce.Com Inc. (CRM) $195.84 -0.62% Unitedhealth Group Inc. (UNH) $528.36 -0.35% Walt Disney Co. (DIS) $80.33 -0.32%
S&P 500 - Risers
Willis Towers Watson Public Limited Company (WTW) $227.80 9.66% FMC Technologies Inc. (FTI) $21.42 7.45% American Tower Corp (Reit) (AMT) $172.40 6.47% Smith A O Corp. (AOS) $69.22 6.18% Rollins Inc. (ROL) $36.42 6.09% Ameriprise Financial Inc. (AMP) $324.98 5.81% Raymond James Fin Corp. (RJF) $97.10 5.74% Masco Corp. (MAS) $51.03 5.59% Flowserve Corp. (FLS) $37.24 5.23% O'Reilly Automotive Inc. (ORLY) $915.39 4.62%
S&P 500 - Fallers
Align Technology Inc. (ALGN) $197.15 -22.29% Whirlpool Corp. (WHR) $109.82 -12.57% Mattel Inc. (MAT) $17.87 -11.14% Hasbro Inc (HAS) $48.87 -10.74% LKQ Corporation (LKQ) $42.17 -10.13% Western Union Co. (WU) $11.73 -9.28% Harley-Davidson Inc. (HOG) $26.15 -9.26% Arista Networks Inc. (ANET) $170.87 -8.18% Edwards Lifesciences Corp. (EW) $63.01 -7.81% Meta Platforms Inc. (META) $281.59 -5.99%
Nasdaq 100 - Risers
O'Reilly Automotive Inc. (ORLY) $915.39 4.62% Microchip Technology Inc. (MCHP) $73.93 3.57% KLA-Tencor Corp. (KLAC) $469.65 3.26% Lam Research Corp. (LRCX) $600.62 2.96% Texas Instruments Inc (TXN) $145.90 2.90% Analog Devices Inc. (ADI) $163.79 2.50% Applied Materials Inc. (AMAT) $133.23 2.40% Walgreens Boots Alliance, Inc. (WBA) $22.07 1.82% Skyworks Solutions Inc. (SWKS) $90.08 1.70% Automatic Data Processing Inc. (ADP) $222.05 1.70%
Nasdaq 100 - Fallers
Align Technology Inc. (ALGN) $197.15 -22.29% Hasbro Inc (HAS) $48.87 -10.74% Meta Platforms Inc. (META) $281.59 -5.99% Comcast Corp. (CMCSA) $40.37 -5.58% Idexx Laboratories Inc. (IDXX) $394.79 -4.34% DENTSPLY Sirona Inc. (XRAY) $30.55 -3.98% Qurate Retail Inc. (QRTEA) $0.44 -3.80% Alphabet Inc. Class A (GOOGL) $121.32 -3.42% Alphabet Inc. Class C (GOOG) $122.39 -3.37% Charter Communications Inc. (CHTR) $409.56 -3.34%
Share this article
Related Sharecast Articles
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.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.