Small font size A Larger text size A Largest text size A

US STOCKS SNAPSHOT-Wall Street opens lower after robust November jobs report

BY Reuters | ECONOMIC | 12/02/22 09:33 AM EST

Dec 2 (Reuters) - Wall Street's main indexes opened lower 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.

The Dow Jones Industrial Average fell 129.6 points, or 0.38%, at the open to 34265.45. The S&P 500 fell 36.4 points, or 0.89%, at the open to 4040.17?, while the Nasdaq Composite dropped 174.1 points, or 1.52%, to 11308.375 at the opening bell. (Reporting by Ankika Biswas in Bengaluru; Editing by Shounak Dasgupta)

More Fixed Income News

GLOBAL MARKETS-Stocks take breather after January surge, Adani plunges in India BY Reuters |ECONOMIC 05:16 AM EST
FOREX-Dollar ticks up ahead of central bank meetings next week BY Reuters |ECONOMIC 05:04 AM EST
PRECIOUS-Gold subdued as U.S. data backs Fed rate stance BY Reuters |ECONOMIC 05:03 AM EST
Russian banks' profits slumped around 90% in 2022 - central bank BY Reuters |ECONOMIC 05:00 AM EST

All Fixed Income News

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.

fir_news_article