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: Wall Street futures little changed ahead of tech earnings
(Sharecast News) - Wall Street futures were little changed ahead of the bell on Tuesday as market participants looked ahead to a handful of big-name earnings reports. As of 1230 BST, Dow Jones and S&P 500 futures had the indices opening 0.10% and 0.07% stronger, respectively, while Nasdaq-100 futures were down 0.03%.
The Dow closed 127.91 points higher on Monday, reclaiming some of the losses recorded in the previous session.
Both Google parent company Alphabet and electric carmaker Tesla were slated to report earnings after the close of trading on Tuesday - Wall Street's first taste of major tech earnings so far this season.
Scope Markets' Joshua Mahony said: " Alphabet earnings will provide the canary in the coal mine as we seek to gauge the fate of fellow tech giants and AI-related businesses over the second quarter. With the past week seeing declines throughout the tech sector, there is a strong case for a sharp rebound across the board should Alphabet earnings blast past estimates once again.
"Meanwhile, Tesla has already enjoyed a 27% bump in their share price this month, with the stronger-than-expected deliveries figure raising hope for a company that has been struggling of late. There is an expectation that this quarter will mark a bottom for earnings, while disclosures over the AI and Robotaxi developments should help lift the mood somewhat. Nonetheless, coming into an earnings report off the back of such a sharp share price revaluation does raise concerns that the company needs to do much more to justify any further gains."
Elsewhere, soft drinks giant Coca-Cola hiked its full-year guidance on the back of increased global demand throughout Q2, while cigarette maker Philip Morris reported a 34% jump in quarterly profits amidst an "outstanding" quarter in which revenues topped estimates.
On the macro front, June's existing home sales data and July's Richmond Fed manufacturing index will be out at 1500 BST.
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, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
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.
