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: Dow looks to log fifth winning session
(Sharecast News) - Wall Street futures were little changed ahead of the bell on Tuesday as the blue-chip Dow Jones looks to register its fifth positive session in a row. As of 1230 BST, Dow Jones futures were up 0.07%, while S&P 500 futures were 0.04% firmer and Nasdaq-100 futures had the index opening 0.13% weaker.
The Dow closed 176.59 points higher on Monday as sentiment continued to get a boost from last week's nonfarm payrolls data thanks to the combination of higher unemployment and weaker-than-expected payrolls and average earnings figures.
ARJ Capital's Manoj Ladwa said: "The data marks the first drop in the NFP reading since last year. The data has fed into a move lower in USD with traders sensing that Fed easing expectations will likely take on fresh focus in the coming months. Continued robust growth in the US jobs market has been one of the key drivers of the bullish USD story in recent months.
"With jobs seeing a sharp slowdown in growth and with wages weakening too, traders will now be closely watching incoming inflation and inflation-linked data. The Fed has signalled its desire to press ahead with easing, but is so far being hindered by sticky inflation. With jobs growth slowing now, however, a fresh drop in inflation should see traders bringing forward Fed easing to September again, weighing on USD.
In the corporate space, media giant Disney posted better-than-expected quarterly numbers on Monday afternoon, revealing that its streaming business had nearly broken even during Q1.
On the macro front, Federal Reserve Bank of Minneapolis head Neel Kashkari will deliver a speech at 1630 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 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.