US STOCKS SNAPSHOT-Dow, S&P 500 open higher on lower yields, Apple slides

BY Reuters | TREASURY | 09/28/22 09:33 AM EDT

Sept 28 (Reuters) - The Dow and the S&P 500 opened higher on Wednesday as easing Treasury yields gently lifted rate-sensitive growth stocks, but the gains were capped by losses in Apple Inc after it dropped plans to boost iPhone production.

The Dow Jones Industrial Average rose 63.9 points, or 0.22%, at the open to 29,198.92. The S&P 500 rose 4.7 points, or 0.13%, at the open to 3,651.94?, while the Nasdaq Composite dropped 12.0 points, or 0.11%, to 10,817.525 at the opening bell. (Reporting by Ankika Biswas; Editing by Arun Koyyur)

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.