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

US STOCKS SNAPSHOT-Wall St surges at open after Fed kicks off easing cycle

BY Reuters | ECONOMIC | 09/19/24 09:33 AM EDT

Sept 19 (Reuters) - Wall Street's main indexes jumped at the open on Thursday, with the S&P 500 notching an intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction and forecast more cuts were on the horizon.

The Dow Jones Industrial Average rose 469.5 points, or 1.13%, at the open to 41972.56. The S&P 500 rose 84.4 points, or 1.50%, at the open to 5702.63?, while the Nasdaq Composite rose 407.6 points, or 2.32%, to 17980.891 at the opening bell. (Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel)

More Fixed Income News

China's central bank resumes gold purchases after six-month hiatus in Nov BY Reuters |ECONOMIC 12/06/24 09:27 PM EST
BRIEF-Fitch Upgrades Cyprus To 'A-' Outlook Stable BY Reuters |ECONOMIC 12/06/24 06:21 PM EST
BRIEF-S&P Says Slovenia Outlook Revised To Positive From Stable BY Reuters |CORPORATE 12/06/24 06:19 PM EST
BRIEF-Fitch Revises Hungary's Outlook To Stable Affirms At 'Bbb' BY Reuters |CORPORATE 12/06/24 06:16 PM 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