US STOCKS SNAPSHOT-Wall St rises at open as investors cheer rate cut prospects

BY Reuters | ECONOMIC | 11/29/23 09:31 AM EST

Nov 29 (Reuters) - Wall Street's main indexes opened higher on Wednesday as Treasury yields slipped to multi-month lows on growing optimism about an interest rate cut from the Federal Reserve next year.

The Dow Jones Industrial Average rose 19.82 points, or 0.06%, at the open to 35,436.80.

The S&P 500 opened higher by 16.95 points, or 0.37%, at 4,571.84, while the Nasdaq Composite gained 85.36 points, or 0.60%, to 14,367.11 at the opening bell. (Reporting by Shristi Achar A in Bengaluru; Editing by Shinjini Ganguli)

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.