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US STOCKS SNAPSHOT-Wall St slips at open as investors pause after rate-cut driven surge

BY Reuters | ECONOMIC | 09/20/24 09:32 AM EDT

Sept 20 (Reuters) - Wall Street's main indexes opened slightly lower on Friday as investors held back after a jump in the previous session that was sparked by an oversized interest rate cut by the Federal Reserve.

The Dow Jones Industrial Average fell 65.8 points, or 0.16%, at the open to 41959.43. The S&P 500 fell 4.0 points, or 0.07%, at the open to 5709.64?, while the Nasdaq Composite dropped 14.6 points, or 0.08%, to 17999.345 at the opening bell.

(Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel)

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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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