The Nasdaq Composite and the S&P 500 fell from record highs as inflation concerns pushed Treasury yields higher. The Nasdaq tumbled 1.5% to 26,225.1, while the S&P 500 dropped 1.2% to 7,408.5. The Dow Jones Industrial Average lost 1.1% to 49,526.2. Barring energy, all sectors ended in the red, led by materials' 2.7% slump.
US equity indexes slumped as continuing uncertainty over the reopening timeline for the Strait of Hormuz following the China summit spooked investors, sending government bond yields and crude oil futures sharply higher. The Nasdaq Composite dropped 1.4% to 26,225.14, with the S&P 500 down 1.2% to 7,408.5 and the Dow Jones Industrial Average seen lower by 1% to 49,526.1 at the close on Friday.
Financial stocks declined in late Friday afternoon trading with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF falling 0.3%. The Philadelphia Housing Index shed 3.1%, and the State Street Real Estate Select Sector SPDR ETF fell 1.5%. Bitcoin declined 2.5% to $79,082, and the yield for 10-year US Treasuries jumped 13.4 basis points to 4.595%. In econ...
Financial stocks declined in late Friday afternoon trading, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF down 0.3%. The Philadelphia Housing Index shed 2.8%, and the State Street Real Estate Select Sector SPDR ETF fell 1.3%. Bitcoin was declining 2.5% to $79,082, and the yield for 10-year US Treasuries jumped 13.4 basis points to nearly 4.60%...
US benchmark equity indexes were lower intraday as Treasury yields jumped amid inflation concerns, while oil prices moved higher on the back of renewed Middle East worries. The Nasdaq Composite and the Dow Jones Industrial Average were down 0.8% each at 26,412.7 and 49,658.24, respectively, after midday Friday.
Gold traded lower midafternoon Friday as the dollar and yields climbed on concerns around inflation and concerns the rise in oil prices will force central banks to hike interest rates. Gold for June delivery was last seen down $119.40 to US$4,565.90 per ounce.
Financial stocks declined in Friday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF easing 0.2%. The Philadelphia Housing Index was down 3%, and the State Street Real Estate Select Sector SPDR ETF fell 1.4%. Bitcoin was declining 2.5% to $79,348, and the yield for 10-year US Treasuries jumped 12.8 basis points to 4.59%. In eco...
US equity indexes fell amid a surge in government bond yields and crude oil futures in midday trading on Friday as investors weighed the probability of the Strait of Hormuz reopening in the near term. The Nasdaq Composite fell 1.1% to 26,340.3, while the S&P 500 was down 0.9% to 7,433.7 and the Dow Jones Industrial Average was lower by 0.8% to 49,646.5. All sectors except energy fell.
Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF easing 0.1%. The Philadelphia Housing Index was falling 3%, and the State Street Real Estate Select Sector SPDR ETF dropped 1.4%. Bitcoin was declining 2.5% to $79,348, and the yield for 10-year US Treasuries jumped 12.8 basis points to 4.59%...
US equity indexes fell amid a surge in government bond yields and crude oil futures in midday trading as investors weighed the outcome of the China summit. The Nasdaq Composite fell 1.2% to 26,321.9, while the S&P 500 and Dow Jones Industrial Average both lost 0.9% to 7,432.4 and 49,598.9, respectively. All sectors except energy fell.
All three major US stock indexes were down while US Treasury yields were up in late-morning trading Friday, as investors consider developments from President Donald Trump's summit with Chinese President Xi Jinping. In company news, major semiconductor shares were down after the US-China summit failed to produce any major semiconductor agreements, Yahoo Finance reported.
Gold traded sharply lower early Friday as the dollar and yields climbed on concerns around inflation and concerns the rise in oil prices will force central banks to hike interest rates.
Societe Generale in its early Friday economic news summary pointed out: -- Risk off as United States Treasury yields accelerate, OIS pricing 80% chance of Federal Reserve rate hike by December. -- Federal Reserve's Williams: no need to raise or cut rates now, policy in a good place. -- Day ahead: U.S. industrial production.
Financial stocks rose late Thursday afternoon trading, with the NYSE Financial Index increasing 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.7%. The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF was down 0.6%. Bitcoin gained 2.7% to $81,396, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.46%. In e...
Financial stocks were higher late Thursday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.7%. The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF was down 0.6%. Bitcoin gained 2.7% to $81,396, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.46%. I...
Financial stocks were higher Thursday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin gained 2.6% to $81,414, and the yield for 10-year US Treasuries was decreasing 3 basis points to 4.45%...
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was climbing 0.8%, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin gained 2.6% to $81,414, and the yield for 10-year US Treasuries was decreasing 2.8 basis points ...
Gold edged higher early Thursday as treasury yields eased after a report showed U.S. retail-sales growth slowed in April. Gold for June delivery was last seen up $4.00 to US$4,710.70. The U.S. Census Bureau reported retail sales roes by 0.5% last month, down from a revised 1.6% in March but matching expectations according to Marketwatch.
Financial stocks fell Wednesday with the NYSE Financial Index dropping 0.8% and the State Street Financial Select Sector SPDR ETF shedding 1.1%. The Philadelphia Housing Index declined 1.4%, and the State Street Real Estate Select Sector SPDR ETF lost 0.8%. Bitcoin fell 1.2% to $79,517, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.48%. In economic news, the US producer pri...
Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF shedding 0.9%. The Philadelphia Housing Index was falling 1.4%, and the State Street Real Estate Select Sector SPDR ETF was down 0.8%. Bitcoin was declining 1.2% to $79,517, and the yield for 10-year US Treasuries rose 1.8 basis poi...
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF shedding 1%. The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF was down 0.7%. Bitcoin was declining 1.4% to $79,278, and the yield for 10-year US Treasuries was rising 2 basis points...
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF shedding 1%. The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF was down 0.7%. Bitcoin was declining 1.4% to $79,278, and the yield for 10-year US Treasuries was rising less than one ...
Financial stocks advanced in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was down 1.1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was falling 1.2% to $80,732, and the yield for 10-year US Treasuries climbed 5.3 basis points to 4.46%. ...
Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was down 1.1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was falling 1.2% to $80,732, and the yield for 10-year US Treasuries climbed 5.3 basis points to 4.46...
Financial stocks were higher in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was falling 1.8% to $80,257, and the yield for 10-year US Treasuries climbed 4.5 basis points to 4.455%. I...
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.9%. The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was falling 1.8% to $80,257, and the yield for 10-year US Treasuries climbed 4.5 basis points to 4.455%...
US equity indexes fell in Tuesday's midday trading as a hotter-than-expected inflation print for April hit technology and consumer discretionary shares. The Nasdaq dropped 1.2% to 25,939.2, with the S&P 500 down 0.8% to 7,356.5 and the Dow Jones Industrial Average lower by 0.5% to 49,435.8. Technology and consumer discretionary sectors led the decliners.
National Bank said it remains constructive on the shorter-term Government of Canada sovereign bond yields as tighter policy is pushed back relative to the market's expected timeline. While the bank stated it is skeptical that longer-term yields will moderate meaningfully, that's more a function of global dynamics.
US equity indexes rose on Monday, alongside crude oil futures and Treasury yields, as President Donald Trump reportedly planned to meet national security officials after rejecting Iran's response to a proposal to restart the peace process.
Financial stocks fell Monday with the NYSE Financial Index declining 0.4% and the State Street Financial Select Sector SPDR ETF easing 0.1%. The Philadelphia Housing Index shed 1.2%, and the State Street Real Estate Select Sector SPDR ETF rose 0.4%. Bitcoin added 0.7% to $81,990, and the yield for 10-year US Treasuries rose 4.6 basis points to 4.41%. In economic news, the pace of US existing ho...
US equity indexes traded mixed ahead of Monday's close, while crude oil futures rose with Treasury yields, after President Donald Trump rejected Iran's response to its proposal to restart the peace process.
Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.3%. The Philadelphia Housing Index shed 1.1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.3%. Bitcoin added 0.7% to $81,990, and the yield for 10-year US Treasuries rose 4.6 basis points to 4.41%. In corporate ...
Financial stocks were mixed in Monday afternoon trading with the NYSE Financial Index dropping 0.2% and the State Street Financial Select Sector SPDR ETF edging up 0.1%. The Philadelphia Housing Index shed 0.8%, and the State Street Real Estate Select Sector SPDR ETF rose 0.3%. Bitcoin fell 0.7% to $81,616, and the yield for 10-year US Treasuries rose 4.2 basis points to 4.406%. In economic new...
US equity indexes traded mixed midday Monday, while crude oil futures rose with Treasury yields, after President Donald Trump rejected Iran's response to its proposal to restart the peace process. The Nasdaq rose 0.2% to 26,302.1 after touching a record 26,339.78 intraday. Energy was the standout gainer, followed by materials and technology.
Financial stocks were lower late Friday afternoon, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF added 0.4%. Bitcoin rose 0.1% to $80,056, and the yield for 10-year US Treasuries lost 2.8 basis points to 4.36%. In economic news,...
Financial stocks were lower late Friday afternoon, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index was up 0.1, and the State Street Real Estate Select Sector SPDR ETF added 0.4%. Bitcoin rose 0.1% to $80,056, and the yield for 10-year US Treasuries lost 2.8 basis points to 4.36%. In corporate news,...
Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.5%. The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.5%. Bitcoin eased 0.1% at $79,953, and the yield for 10-year US Treasuries was down 2.6 basis points to about 4.37%. In economic n...
Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF shedding 0.6%. The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF added 0.5%. Bitcoin eased 0.1% at $79,953, and the yield for 10-year US Treasuries was shedding 2.6 basis points to nearly 4.37%. In corpo...
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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