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US STOCKS SNAPSHOT-U.S. stocks open higher as investors await Fed rate cut decision

BY Reuters | ECONOMIC | 09:33 AM EST

Dec 8 (Reuters) - Wall Street's main indexes opened modestly higher on Monday as investors priced in expectations that the Federal Reserve will deliver a long-awaited rate cut later this week in a meeting that is shaping up to be one of the most divisive in years.

The Dow Jones Industrial Average rose 16.5 points, or 0.03%, at the open to 47,971.51. The S&P 500 rose 4.8 points, or 0.07%, at the open to 6,875.2?, while the Nasdaq Composite rose 60.1 points, or 0.25%, to 23,638.217 at the opening bell. (Reporting by Johann M Cherian in Bengaluru; Editing by Tasim Zahid)

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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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