US STOCKS SNAPSHOT-Wall St opens lower on pressure from elevated Treasury yields

BY Reuters | TREASURY | 12/30/24 09:32 AM EST

Dec 30 (Reuters) - U.S. main stock indexes opened lower open on Monday, as sparse trading volumes and the specter of rising Treasury yields cast a cloud over the traditionally strong year-end rally for equities.

The Dow Jones Industrial Average fell 128.3 points, or 0.30%, at the open to 42,863.86. The S&P 500 fell 50.2 points, or 0.84%, at the open to 5,920.67?, while the Nasdaq Composite dropped 261.6 points, or 1.33%, to 19,460.413 at the opening bell. (Reporting by Johann M Cherian in Bengaluru; Editing by Devika Syamnath)

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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