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 open: Stocks edge up after weaker-than-expected services print
(Sharecast News) - Wall Street's main stock market indices moved quickly back into the green shortly after the start of the trading session, helped by modestly weaker-than- expected survey results for America's services sector.
Nevertheless, investors were likely hesitant to extend themselves in either direction ahead of a speech by Fed chair Jerome Powell at 1610 BST.
There was also the no small matter of the March non-farm payrolls report, that was due out on Friday, to contend with.
At 1556 BST, the Dow Jones Industrial Average was up by 0.26% to 39,266.18 and the technology heavy Nasdaq Composite by 0.52% to 16,324.59.
Gold and crude futures were again both moving higher alongside, sporting gains of 0.92% and 0.82%, respectively.
The yield on the benchmark 10-year U.S. Treasury note was up by four basis points to 4.393%.
Joshua Mahoney, chief market analyst at Scope Markets, said: "US traders will be treading with caution today, with an appearance from Jerome Powell posing additional risks within a week that has already been dominated by selling pressure.
"Comments from Fed member Mary Daly highlighted the patient approach taken by many, stating that she sees no current need for urgency to adjust the Fed Funds rate. With markets currently looking for a rate cut in June, markets will be highly sensitive to Powell's comment as he likely uses this opportunity to shape those expectations in one way or another."
On the economic front, consultancy ADP reported a 184,000 gain in hiring for March (consensus: 148,000), although many economists were openly sceptical regarding the usefulness of the survey's results.
The Institute for Supply Management's services sector Purchasing Managers' Index dipped to 51.4 for March after a reading of 52.6 in February (consensus: 52.7).
Significantly, given financial markets' current focus on inflation, a sub-index tracking prices paid by companies fell back from 58.6 to 53.4.
Dow Jones - Risers
Caterpillar Inc. (CAT) $371.42 1.80% 3M Co. (MMM) $94.30 1.57% Walgreens Boots Alliance, Inc. (WBA) $19.00 1.50% Goldman Sachs Group Inc. (GS) $414.88 1.15% Apple Inc. (AAPL) $170.54 1.01% International Business Machines Corporation (CDI) (IBM) $190.73 0.98% Salesforce.Com Inc. (CRM) $306.47 0.81% Dow Chemical Co. (DOW) $59.74 0.77% Merck & Co. Inc. (MRK) $131.19 0.64% American Express Co. (AXP) $226.78 0.55%
Dow Jones - Fallers
Intel Corp. (INTC) $41.01 -6.68% Procter & Gamble Co. (PG) $157.33 -2.02% Johnson & Johnson (JNJ) $156.00 -1.10% Cisco Systems Inc. (CSCO) $48.94 -0.86% Home Depot Inc. (HD) $361.43 -0.43% Amgen Inc. (AMGN) $275.05 -0.42% Walt Disney Co. (DIS) $122.33 -0.40% Nike Inc. (NKE) $90.72 -0.25% McDonald's Corp. (MCD) $277.50 -0.09% Walmart Inc. (WMT) $59.11 -0.08%
S&P 500 - Risers
Nektar Therapeutics (NKTR) $1.01 6.84% General Electric Co. (GE) $144.25 5.70% NRG Energy Inc. (NRG) $71.48 4.20% Fortinet Inc. (FTNT) $71.42 3.73% Western Digital Corp. (WDC) $71.21 3.46% Micron Technology Inc. (MU) $126.51 3.06% Hewlett Packard Enterprise (HPE) $18.20 2.82% Arista Networks Inc. (ANET) $298.70 2.70% HF Sinclair Corporation (DINO) $62.79 2.63% Ford Motor Co. (F) $13.59 2.34%
S&P 500 - Fallers
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $448.67 -13.66% Intel Corp. (INTC) $41.01 -6.68% Estee Lauder Co. Inc. (EL) $147.25 -3.61% Coty Inc. Class A (COTY) $11.20 -3.57% Campbell Soup Co. (CPB) $43.22 -2.70% Bath & Body Works, Inc. (BBWI) $47.17 -2.24% Hershey Foods Corp. (HSY) $196.36 -2.09% PVH Corp. (PVH) $106.43 -2.07% Procter & Gamble Co. (PG) $157.33 -2.02% Hasbro Inc (HAS) $54.67 -1.94%
Nasdaq 100 - Risers
Western Digital Corp. (WDC) $71.21 3.46% Micron Technology Inc. (MU) $126.51 3.06% Booking Holdings Inc. (BKNG) $3,642.84 2.15% Lam Research Corp. (LRCX) $986.04 1.93% Broadcom Inc. (AVGO) $1,363.00 1.81% Seagate Technology Plc (STX) $91.85 1.80% KLA-Tencor Corp. (KLAC) $705.22 1.63% Synopsys Inc. (SNPS) $578.96 1.60% Meta Platforms Inc. (META) $505.06 1.55% Netflix Inc. (NFLX) $623.56 1.52%
Nasdaq 100 - Fallers
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $448.67 -13.66% Intel Corp. (INTC) $41.01 -6.68% JD.com, Inc. (JD) $27.17 -2.30% Hasbro Inc (HAS) $54.67 -1.94% Charter Communications Inc. (CHTR) $273.40 -1.66% Sirius XM Holdings Inc (SIRI) $3.63 -1.49% PACCAR Inc. (PCAR) $119.90 -1.40% Costco Wholesale Corp. (COST) $701.84 -1.33% Paychex Inc. (PAYX) $120.50 -1.29% Mondelez International Inc. (MDLZ) $68.52 -1.07%
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 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.