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US STOCKS SNAPSHOT-Futures rise after December CPI data

BY Reuters | ECONOMIC | 08:37 AM EST

Jan 15 (Reuters) - U.S. stock index futures extended gains on Wednesday as investors assessed a broadly in-line consumer inflation report to gauge its effect on the Federal Reserve's monetary policy easing this year.

Data from the Labor Department showed the consumer price index rose 2.9% on an annual basis in December 2024, in line with the expectations of economists polled by Reuters. On a monthly basis, the index rose 0.4%.

Excluding volatile food and energy components, core CPI increased 3.2% on an annual basis, compared with an expected 3.3% rise.

At 08:32 a.m., Dow E-minis were up 476 points, or 1.11%, S&P 500 E-minis were up 66.5 points, or 1.13%, and Nasdaq 100 E-minis were up 280.25 points, or 1.34%. (Reporting by Johann M Cherian 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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