News Results

  1. US STOCKS-Nasdaq posts best qtr since 2020, latest inflation data a boost
    Reuters | 04:00 PM EDT

    * February PCE growth slows. * S&P 500 gains for second straight quarter. By Caroline Valetkevitch. Wall Street rallied on Friday and the Nasdaq notched its biggest quarterly percentage gain since June 2020, as signs of cooling inflation bolstered hopes the Federal Reserve might soon end its aggressive interest rate hikes.

  2. FOREX-Dollar up vs euro but remains on track for weekly loss after inflation data
    Reuters | 03:41 PM EDT

    The dollar rose against the euro on Friday but was on track for its fifth straight weekly loss against the common currency, after slower U.S. consumer spending growth boosted hopes the Federal Reserve would be less aggressive in hiking interest rates.

  3. CANADA FX DEBT-Canadian dollar notches monthly gain as equities rally
    Reuters | 03:28 PM EDT

    * Canadian dollar weakens 0.1% against the greenback. * Touches its strongest level since Feb. 21 at 1.3508. * Canadian GDP rises 0.5% in January. * Canadian bond yields ease across curve. By Fergal Smith.

  4. Fed's Williams says financial conditions key to rate policy outlook
    Reuters | 03:11 PM EDT

    Federal Reserve Bank of New York President John Williams said Friday uncertain developments with financial conditions will be a key contributor to his thinking about what's next for central bank interest rate policy.

  5. US STOCKS-Nasdaq set for best qtr since 2020, latest inflation data a boost
    Reuters | 03:05 PM EDT

    * February PCE growth slows. * S&P 500 set to gain for second straight quarter. * Indexes up: Dow 0.8%, S&P 0.9%, Nasdaq 1.3% By Caroline Valetkevitch. NEW YORK, March 31 - The Nasdaq was set to post its biggest quarterly gain since June 2020, with U.S. stocks rallying on Friday as signs of cooling inflation bolstered hopes the Federal Reserve might soon end its aggressive interest rate hikes.

  6. Fed's Collins says latest inflation data doesn't change policy path yet
    Reuters | 02:54 PM EDT

    Boston Federal Reserve President Susan Collins said on Friday that wherever the U.S. central bank stops with its interest rate rises, maintaining that level for some time will be critical in helping to lower high inflation back to the 2% target.

  7. GLOBAL MARKETS-Inflation data spurs rise in stocks, drop in U.S. yields
    Reuters | 02:50 PM EDT

    * U.S. inflation cools in February. * Two-year U.S. Treasury yield set for biggest monthly drop since 2008. * S&P 500 on track for back-to-back quarterly gains. By Chuck Mikolajczak.

  8. Argentina's dollars drain fastest since 2019 as IMF decision looms
    Reuters | 02:47 PM EDT

    Argentina's central bank dollar sell-off is set to end March at the fastest monthly pace since late 2019, according to official data and traders, underscoring the precarious position for the indebted country as drought hits its vital grains exports. The bank will end the month having sold $1.9 billion in foreign currency to meet payments and prop up the embattled peso currency's crawling peg.

  9. Ecuador central bank cuts 2023 growth forecast due to lower oil exports
    Reuters | 01:45 PM EDT

    Ecuador's central bank on Friday cut the Andean country's economic growth forecast for the year to 2.6%, from 3.1%, citing the impact of reduced oil exports, and said economic growth in 2022 was 2.9% Protests, an earthquake, and damage to infrastructure have all weighed on Ecuador's oil operations this year, with the country's energy ministry cutting its oil production forecast for 2023 by 8%. ...

  10. US STOCKS-S&P 500 set for upbeat end to quarter amid softer Fed policy hopes
    Reuters | 12:52 PM EDT

    * February PCE growth slows. * Rate-sensitive stocks lead gains. * Micron down as China to launch cybersecurity review. * Indexes up: Dow 0.74%, S&P 0.85%, Nasdaq 1.09% By Amruta Khandekar and Ankika Biswas.

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.