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US STOCKS SNAPSHOT-Wall Street edges higher at the open after PPI data

BY Reuters | ECONOMIC | 11/14/24 09:35 AM EST

Nov 14 (Reuters) - Wall Street's main indexes edged higher at the open on Thursday after a broadly in line reading of producer prices data, with investors awaiting Federal Reserve Chair Jerome Powell's comments later in the day for clues on the outlook for interest rates.

The Dow Jones Industrial Average rose 74.2 points, or 0.17%, at the open to 44,032.38. The S&P 500 rose 4.3 points, or 0.07%, at the open to 5,989.68?, while the Nasdaq Composite rose 25.4 points, or 0.13%, to 19,256.09 at the opening bell. (Reporting by Lisa Mattackal in Bengaluru; Editing by Shounak Dasgupta)

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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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