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
Guides
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Shares
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 higher ahead of FOMC decision
(Sharecast News) - Major indices were in the green early on Wednesday as market participants awaited the Federal Reserve's interest rate decision later in the session. As of 1530 GMT, the Dow Jones Industrial Average was up 0.35% at 43,603.18, while the S&P 500 advanced 0.16% to 6,060.27 and the Nasdaq Composite came out the gate 0.13% firmer at 20,135.24.
The Dow opened 153.28 points higher on Wednesday, taking a bite out of losses recorded in the previous session.
Stocks opened higher on Tuesday as traders patiently awaited the outcome of the Federal Open Markets Committee's two-day monetary policy meeting, where the Federal Bank was widely expected to lower its benchmark overnight interest rates by a further 25 basis points. As well as the Fed's decision, chairman Jerome Powell will also deliver a speech at 1900 GMT.
Elsewhere on the macro front, mortgage applications fell 0.70% in the week ended 13 December, according to the Mortgage Bankers Association of America, cutting into the prior week's 5.4% surge. Applications to refinance a mortgage fell 3%, while applications to purchase a home rose 1%.
Still on data, US building permits surged 6.1% in November to a seasonally adjusted rate of 1.50m, according to the Census Bureau, erasing October's 0.4% decline and well and truly ahead of expectations for a print of 1.43m. Housing starts, on the other hand, unexpectedly fell 1.8% to 1.28m in November, the lowest reading in four months and missing expectations for an increase from 1.31m in October to 1.34m.
No major corporate earnings were slated for release on Wednesday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Unitedhealth Group Inc. (UNH) $500.35 3.05% Walt Disney Co. (DIS) $115.49 2.19% Boeing Co. (BA) $175.76 1.58% Dow Chemical Co. (DOW) $41.03 1.13% Caterpillar Inc. (CAT) $379.11 0.88% Visa Inc. (V) $320.57 0.71% Nike Inc. (NKE) $78.50 0.64% Goldman Sachs Group Inc. (GS) $577.30 0.46% 3M Co. (MMM) $128.50 0.35% American Express Co. (AXP) $302.31 0.32%
Dow Jones - Fallers
Microsoft Corp. (MSFT) $450.21 -0.94% Chevron Corp. (CVX) $146.90 -0.82% Travelers Company Inc. (TRV) $241.72 -0.79% Procter & Gamble Co. (PG) $169.41 -0.54% Walgreens Boots Alliance, Inc. (WBA) $9.92 -0.50% International Business Machines Corporation (CDI) (IBM) $227.84 -0.50% Home Depot Inc. (HD) $406.77 -0.41% Amgen Inc. (AMGN) $265.13 -0.31% Intel Corp. (INTC) $20.39 -0.24% Merck & Co. Inc. (MRK) $99.82 -0.24%
S&P 500 - Risers
CIGNA Corp. (CI) $281.23 5.89% CVS Health Corp (CVS) $46.44 5.46% Nvidia Corp. (NVDA) $134.99 3.53% Expedia Group Inc. (EXPE) $186.30 3.14% Humana Inc. (HUM) $241.20 3.13% CenturyLink Inc. (LUMN) $6.18 3.09% Unitedhealth Group Inc. (UNH) $500.35 3.05% Western Digital Corp. (WDC) $66.34 2.63% eBay Inc. (EBAY) $65.86 2.54% Target Corp. (TGT) $134.87 2.48%
S&P 500 - Fallers
General Mills Inc. (GIS) $64.03 -2.88% Fluor Corp. (FLR) $52.12 -2.49% Lamb Weston Holdings, Inc. (LW) $80.30 -2.45% Emerson Electric Co. (EMR) $125.17 -2.27% Kraft Heinz Co. (KHC) $30.56 -2.21% Hershey Foods Corp. (HSY) $174.34 -1.85% Electronic Arts Inc. (EA) $151.97 -1.82% Hormel Foods Corp. (HRL) $31.57 -1.82% Illumina Inc. (ILMN) $140.70 -1.69% Newmont Corporation (NEM) $39.13 -1.67%
Nasdaq 100 - Risers
Nvidia Corp. (NVDA) $134.99 3.53% Expedia Group Inc. (EXPE) $186.30 3.14% Asml Holdings N.V. (ASML) $755.42 2.75% Western Digital Corp. (WDC) $66.34 2.63% eBay Inc. (EBAY) $65.86 2.54% Micron Technology Inc. (MU) $111.26 2.45% Qurate Retail Inc. (QRTEA) $0.36 2.18% American Airlines Group (AAL) $17.08 2.12% Applied Materials Inc. (AMAT) $173.48 1.84% Microchip Technology Inc. (MCHP) $59.23 1.61%
Nasdaq 100 - Fallers
Kraft Heinz Co. (KHC) $30.56 -2.21% Electronic Arts Inc. (EA) $151.97 -1.82% Illumina Inc. (ILMN) $140.70 -1.69% Trip.com Group Limited (TCOM) $73.53 -1.45% Align Technology Inc. (ALGN) $225.55 -1.42% Tesla Inc (TSLA) $473.33 -1.36% Vodafone Group Plc ADS (VOD) $8.52 -1.33% Broadcom Inc. (AVGO) $237.46 -1.15% Intuit Inc. (INTU) $670.51 -1.07% Liberty Global plc Series A (LBTYA) $12.32 -1.00%
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 | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | 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.
