What's Going On With Alphabet Shares?

BY Benzinga | TREASURY | 04/26/22 12:11 PM EDT

Shares of large-cap US stocks, including Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) are trading lower amid overall market weakness as Fed rate hike outlook and economic concerns weigh on market sentiment.

Fed policy outlook, rising Treasury yields and quarterly earnings reports have dragged markets lower in April. Last Tuesday's session saw a 3-year high of 2.940% for the 10-year note. 

See Also: What's Going On With Microsoft Stock Today?

According to data from Benzinga Pro, Alphabet Class A is trading lower by 3.56% at $2,373.75. Alphabet Class A has a 52-week high of $3,030.93 and a 52-week low of $2,193.62.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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