US STOCKS SNAPSHOT-Wall Street opens flat to lower after hot economic data

BY Reuters | ECONOMIC | 09:32 AM EST

Dec 12 (Reuters) - Wall Street's main indexes opened flat to lower on Thursday after the S&P 500 and the Nasdaq ended the previous session on a positive note, while investors parsed through hot economic data ahead of the Federal Reserve's meeting.

The Dow Jones Industrial Average rose 20.1 points, or 0.05%, at the open to 44,168.66. The S&P 500 fell 9.9 points, or 0.16%, at the open to 6,074.29?, while the Nasdaq Composite dropped 87.6 points, or 0.44%, to 19,947.336 at the opening bell. (Reporting by Purvi Agarwal in Bengaluru; Editing by Maju Samuel)

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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