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: Futures mixed as major indices snap nine-week winning streak

(Sharecast News) - Wall Street futures were mixed prior to the open on Monday after major indices started the new year off by snapping their nine-week winning streak. As of 1230 GMT, Dow Jones futures were down 0.41%, while S&P 500 futures were 0.03% weaker and Nasdaq-100 futures had the index coming out the gate 0.07% firmer.

The Dow closed 25.77 points higher on Friday, eking out a small gain in what was otherwise a disappointing first week of the year as mega-cap tech stocks underperformed and Treasury yields rose on the back of elevated uncertainty around the path of future rate cuts from the FOMC.

On Monday, traders will keep one eye focussed on Washington as lawmakers attempt to avoid a government shutdown, with congressional leaders announcing a deal setting up $1.59trn in top-line spending.

Also in focus, the yield on the benchmark ten-year Treasury note swung back above the psychologically important 4% mark before the open and was sitting at 4.061%.

On the macro front, Federal Reserve Bank of Atlanta president Raphael Bostic will deliver a speech at 1330 GMT, while consumer credit chase figures for November will be published at 2000 GMT.

In the corporate space, plane builder Boeing was sharply lower in pre-market trading on the back of news that the Federal Aviation Administration had ordered a temporary grounding of dozens of its 737 Max 9 aircraft following a blowout incident on Friday.

Reporting by Iain Gilbert at

Share this article

Related Sharecast Articles

London close: Footsie hits another record, but BoE comments limit gains
(Sharecast News) - A weak performance from the heavyweight mining sector wasn't enough to stop the FTSE 100 from reaching a new record high on Tuesday, as London's blue-chip index rose for the fifth straight day.
Broker tips: HSBC, Reckitt Benckisser, Watches of Switzerland
(Sharecast News) - Citi said on Tuesday that it remains 'overweight' UK banks, with HSBC one of its top picks.
Director dealings: Porvair CFO raises stake
(Sharecast News) - Porvair revealed on Tuesday that chief financial officer James Mill had acquired 4,250 ordinary shares in the London-listed filtration and environmental technology group.
Europe close: Stocks rise as investors digest PMI data
(Sharecast News) - European markets closed above the waterline on Tuesday, propelled by positive survey data from the eurozone that bolstered investor sentiment.

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.