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
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 pre-open: Futures higher as investors await more earnings
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Monday as investors brace for more corporate earnings, some key labour market data and the outcome of the Federal Reserve's two-day policy meeting. As of 1310 BST, Dow Jones futures were up 0.13%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.19% and 0.29% firmer, respectively.
The Dow closed 153.86 points higher on Friday, while the S&P 500 wrapped up its best weekly performance since November.
Tesla shares were higher in pre-market trading after the electric vehicle manufacturer struck a deal with China's Baidu to help it roll out its self-driving technology across the nation amid decelerating revenues, while Domino's Pizza shares headed north after reporting better-than-expected quarterly earnings.
Apple, AMD, McDonald's, Coca-Cola and Amazon will all deliver earnings before the week is out.
Trade Nation's David Morrison said: "US stock indices had a solid close on Friday led by the tech sector. Last week saw four members of the 'Magnificent Seven' report earnings. Overall, these were positive and helped to boost sentiment following a particularly poor start to April and the second quarter.
"The overall positivity from the tech giants helped to offset disappointing data which showed a sharp slowdown in US growth, and rising inflation. Put together, that raised the spectre of stagflation - tepid growth and high inflation. Investors are assigning an increased probability of just one 25 basis point rate cut in 2024, rather than the six forecast just a few months ago."
On the macro front, the Dallas Federal Reserve's April manufacturing business index will be published at 1530 BST.
Later in the week, the Federal Reserve will make its latest interest rate decision on Wednesday, while April's nonfarm payrolls report will be out on Friday.
Reporting by Iain Gilbert at Sharecast.com
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.