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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 pre-open: Dow on track for eighth-straight winning week despite pre-market losses

(Sharecast News) - Wall Street futures were in the red ahead of the bell on Friday as major indices struggled to extend their year-end rally. As of 1230 GMT, Dow Jones futures were down 0.29%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.02% and 0.06% lower, respectively.

The Dow closed 322.35 points higher on Thursday, clawing back a chunk of the previous session's losses.

Despite pre-market losses, major indices were on track for the eighth consecutive winning week prior to the open, the Dow Jones' first such streak since 2019. Markets will be closed on Monday for the Christmas Day holiday

On the macro front, personal spending and consumption expenditure figures will be out at 1330 GMT, as will November durable goods orders, while December's consumer sentiment index from the University of Michigan and November's new home sales will follow at 1500 GMT.

In the corporate space, Nike was down double-digits in pre-market trading after warning of weak Q2 revenues.

Reporting by Iain Gilbert at Sharecast.com

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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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