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US STOCKS SNAPSHOT-Wall St opens lower as yields rise, investors assess earnings

BY Reuters | TREASURY | 10/22/24 09:33 AM EDT

Oct 22 (Reuters) - U.S. stock indexes opened lower on Tuesday, as rising Treasury yields pressured rate-sensitive shares, while investors parsed the latest set of company results to gauge the health of major corporations.

The Dow Jones Industrial Average fell 54.8 points, or 0.13%, at the open to 42,876.84. The S&P 500 fell 21.3 points, or 0.36%, at the open to 5,832.7?, while the Nasdaq Composite dropped 88.1 points, or 0.48%, to 18,451.861 at the opening bell. (Reporting by Lisa Mattackal in Bengaluru; Editing by Pooja Desai)

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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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