US STOCKS SNAPSHOT-Wall St heads for weekly gains on signs of cooling inflation

BY Reuters | ECONOMIC | 08/12/22 09:33 AM EDT

Aug 12 (Reuters) - Wall Street's main indexes rose on Friday, setting the S&P 500 and the Nasdaq for a fourth straight week of gains on easing bets of another super-sized interest rate hike by the Federal Reserve after softer-than-expected inflation data this week.

The Dow Jones Industrial Average rose 94.05 points, or 0.28%, at the open to 33,430.72.

The S&P 500 opened higher by 17.75 points, or 0.42%, at 4,225.02, while the Nasdaq Composite gained 86.40 points, or 0.68%, to 12,866.31 at the opening bell. (Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Anil D'Silva)

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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