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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 set to dip amid upward pressure on Treasury yields

(Sharecast News) - Wall Street was set for a slightly lower open at the end of the week. A recent move higher in 10-year US Treasury note yields on the perceived risk of higher inflation after Trump's election win was in focus.

As of 1518 BST, futures tracking the Dow Jones Industrials were slipping by 140 points to 43,62.0, alongside a 22.25 point decline on those for the S&P 500 to 6,073.0 while futures on the Nasdaq-100 were down by 81.50 points at 21,926.50.

The yield on the benchmark 10-year US Treasury meanwhile was three basis points higher to 4.61%, having hit a 52-week high 4.741% earlier in the year.

Crude oil futures were moving higher whilst the US dollar spot index was dipping slightly.

On the economic agenda for Friday at 1330 BST are reports on America's international trade in goods and wholesale inventories, both covering the month of November.

Also scheduled to be published are weekly natural gas and crude oil inventory figures, at 1530 BST and 1700 BST, respectively.

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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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