US STOCKS SNAPSHOT-Futures extend losses after robust November jobs report

BY Reuters | ECONOMIC | 12/02/22 08:38 AM EST

Dec 2 (Reuters) - U.S. stock index futures fell sharply on Friday as higher-than-expected job additions in November poured cold water on investor expectations of the Federal Reserve easing its aggressive monetary policy tightening.

Money market bets show an 87% chance of a 50-basis point hike by the Fed at its December meeting, down from 91% before the data was published.

At 08:32 a.m. ET, Dow e-minis were down 414 points, or 1.2%, S&P 500 e-minis were down 61.5 points, or 1.51%, and Nasdaq 100 e-minis were down 261.5 points, or 2.17%. (Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Shounak Dasgupta)

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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