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: Dow futures edge up, S&P and Nasdaq dip after record close

(Sharecast News) - Major indices were mixed ahead of the bell on Tuesday after the S&P 500 and Nasdaq were given a boost from strength in chip and banking stocks in the previous session, with investors largely shrugging off the ongoing US Federal Government shutdown. As of 1230 BST, Dow Jones futures were up 0.07%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.04% and 0.03% softer, respectively.

The Dow closed 63.31 points lower on Monday, while the S&P 500 and Nasdaq Composite closed at record highs, driven by optimism surrounding increased M&A activity.

Stocks were only slightly lower prior to the open, despite the Federal Government shutdown entering its second week, having only a limited impact on sentiment, with investors looking past delays to key macro data, including the September non-farm payrolls report, originally scheduled for release last Friday.

On the macro front, no major data points were scheduled for release on Tuesday, but Federal Reserve bankers Raphael Bostic, Michelle Bowman, Stephen Miran, and Neel Kashkari will all deliver speeches throughout the course of the day.

Things were also quiet on the earnings front, with investors looking ahead to next week and the beginning of Q3 earnings season.

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

Europe midday: Shares slide as US worries hit sentiment
(Sharecast News) - European shares slid into the red at midday on Monday as investors took a risk off approach ahead of the publication of US data delayed by the record federal government shutdown.
London midday: Stocks dip as investors eye US data, Nvidia results
(Sharecast News) - London stocks had dipped into the red by midday on Monday, with caution setting in as investors eyed the release of the first batch of US data since the government shutdown and third-quarter results from US chipmaker Nvidia this week.
US pre-open: Futures edge higher as attention turns to Nvidia, jobs data
(Sharecast News) - US stock futures were pointing mostly higher on Monday morning, with the Nasdaq set to rebound following a tech-fuelled sell-off last week, as investors look ahead to earnings from heavyweight Nvidia and delayed labour-market data over the coming days.
London open: FTSE nudges up as investors eye US data, Nvidia results; WPP surges
(Sharecast News) - London stocks nudged higher in early trade on Monday, with investors cautious at the start of a week that will see the release of the first batch of US data since the government shutdown and third-quarter results from US chipmaker Nvidia.

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.