News Results

  1. US STOCKS-Wall St climbs after week of strong bank results; market set for weekly gains
    Reuters | 02:44 PM EDT

    * Retail sales up 0.7% in September despite shortages. * Goldman Sachs (GS) rises on strong third-quarter earnings. * Indexes up: Dow 1.1%, S&P 500 0.8%, Nasdaq 0.4% By Caroline Valetkevitch. NEW YORK, Oct 15 - U.S. stocks rose on Friday as Goldman Sachs (GS) was the latest big bank to report strong results and better-than-expected retail sales eased worries about demand.

  2. Wall Street banks set to profit again when Fed withdraws pandemic stimulus
    Reuters | 02:03 PM EDT

    Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve's massive injection of cash into financial markets.

  3. Wall Street banks set to profit again when Fed withdraws pandemic stimulus
    Reuters | 01:57 PM EDT

    Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve's massive injection of cash into financial markets.

  4. TREASURIES-U.S. yields rise on bearish rates outlook
    Reuters | 01:49 PM EDT

    Treasury yields rose and a market indication of inflation expectations hit the highest since 2005 on Friday as an unexpected increase in U.S. retail sales in September added to bearish bond sentiment ...

  5. Eyeing higher inflation and volatility, investors turn more selective - fund managers
    Reuters | 01:10 PM EDT

    Global investors are looking harder for pockets of opportunity and becoming more selective in their fixed income and equity allocations, some fund managers told Reuters, anticipating volatility spurred by quicker inflation and uncertainty around central bank policy.

  6. US STOCKS-Wall St tracks weekly gains on strong banks earnings, retail sales data
    Reuters | 12:06 PM EDT

    * Airlines, cruise operators jump on easing U.S. travel curbs. * Retail sales up 0.7% in September despite shortages. * Goldman Sachs (GS) rises on strong third-quarter earnings. * Indexes up: Dow 0.79%, S&P 0.53%, Nasdaq 0.28% By Devik Jain and Federica Urso.

  7. Brazil economic activity falls more than expected in August
    Reuters | 11:53 AM EDT

    Brazilian economic activity fell slightly more than analysts were expecting in August, a central bank index showed on Friday, as an economic recovery lost steam amid surging inflation. The IBC-Br economic activity index, a leading indicator of gross domestic product, fell by 0.15% in August from the month before, marking its first drop in three months.

  8. Peru GDP grew 11.83% in August vs August 2020 - official stats agency
    Reuters | 11:13 AM EDT

    Peru's gross domestic product expanded 11.83% in August compared with August 2020, marking six straight months of economic growth for the South American country, the government's INEI statistics agency said in a statement on Friday. The expansion in August was principally driven by the construction and manufacturing sectors, the agency said.

  9. Turkish cenbank governor plays down suggestions of rift over Sept cut
    Reuters | 11:10 AM EDT

    Turkey's central bank governor on Friday played down suggestions that some of the three policymakers dismissed this week opposed a rate cut sought by President Tayyip Erdogan, and said they left either of their own choice or because the bank wanted it.

  10. Turkish cenbank governor says bank wanted removal of some MPC members
    Reuters | 10:38 AM EDT

    Turkish Central Bank Governor Sahap Kavcioglu said on Friday that some of the three policymakers that were removed this week wanted to leave, while the bank preferred others to be let go, dismissing claims they opposed last month's rate cut.

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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