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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: Stocks little changed, major indices on track for winning week

(Sharecast News) - US futures were in the red ahead of the bell on Friday, putting Wall Street stocks on course for a winning week. As of 1300 BST, Dow Jones and S&P 500 futures were down 0.03% and 0.09%, respectively, while Nasdaq-100 futures had the index opening 0.02% weaker.

The Dow closed 554.67 points higher on Thursday, extending gains recorded in the previous session as both July's consumer price index and retail sales data lifted sentiment amid renewed optimism that an economic soft landing may still be on the cards.

On the macro front for Friday, building permits and housing starts data will be out at 1330 BST, while a preliminary reading of the University of Michigan's August consumer sentiment index will be out at 1500 BST.

In the corporate space, H&R Block traded higher in pre-market after the tax services outfit announced a 17% dividend increase and a $1.5bn stock buyback, while Autodesk traded lower on the back of a Bloomberg report that revealed executives had ignored risks related to sales strategies.

Reporting by Iain Gilbert at Sharecast.com

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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.

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