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 mostly higher ahead of CPI reading
(Sharecast News) - Wall Street futures were mixed early on Tuesday as investors awaited the release of February's all-important consumer price index report later in the day. As of 1225 GMT, Dow Jones futures were down 0.04%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.25% and 0.46% firmer, respectively.
The Dow closed 46.97 points higher on Monday the index looked to shrug off losses recorded in what was the blue-chip's worst week since October 2023.
Tuesday's pre-market moves come as market participants brace for last month's consumer price index, due out at 1230 GMT, with economists expecting to see CPI rise 0.4% month-on-month and 3.1% year-on-year. Excluding volatile food and energy prices, so-called core CPI was expected to increase 0.3% and 3.7%, respectively.
February's producer price index was slated for release, with the two key pieces of inflation data marking some of the last major macro data points scheduled for release ahead of the Federal Reserve's next monetary policy meeting on 19 March.
Elsewhere on the macro front, optimism among small businesses in the US unexpectedly declined last month, according to the National Federation of Independent Business, with inflation still a concern for many firms despite the recent slowdown in price pressures over recent months.
The closely watched NFIB Small Business Optimism Index fell to 89.4 last month, from 89.9 in January, missing analysts' forecasts for a pick-up to 90.7 and marking the 26th straight month below the 50-year average reading of 98. According to the survey, 23% of small business owners said that inflation was their single most important business problem in operating their business in February, up from 20% the month before.
Still to come, the Federal Government's monthly budget statement will be published at 1800 GMT.
In the corporate space, Oracle shares surged in pre-market trading after its fourth-quarter earnings topped Wall Street estimates as its cloud services and license support segment saw a 12% increase in revenues.
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.
