News Results

  1. Why Airbnb Stock Is Falling Today
    | 06/16/22 11:22 AM EDT

    Airbnb?Inc shares are trading lower Thursday amid overall market weakness as stocks move lower?following Wednesday's Fed rate hike announcement. The Federal Reserve raised interest rates by?three-quarters of a percentage point on Wednesday, representing?the most aggressive?rate hike since 1994.

  2. Here's How Much You Would Have Made Owning Royal Bank of Canada Stock In The Last 20 Years
    | 06/16/22 11:07 AM EDT

    Royal Bank of Canada has outperformed the market over the past 20 years by 2.03% on an annualized basis producing an average annual return of 8.88%. Currently, Royal Bank of Canada has a market capitalization of $133.78 billion. Buying $100 In RY: If an investor had bought $100 of RY stock 20 years ago, it would be worth $546.29 today based on a price of $95.41 for RY at the time of writing.

  3. Why Nvidia Shares Are Nosediving Today
    | 06/16/22 10:53 AM EDT

    Amid marked weakness in the broader market Thursday morning,?NVIDIA Corporation shares are trading lower by 6.15% to $155.06. The Federal Reserve Wednesday afternoon raised its target fed funds rate by 75 basis points?to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years.

  4. Why Amazon Shares Are Getting Hammered Today
    | 06/16/22 10:52 AM EDT

    Amazon.com, Inc??shares are down amid overall market weakness, trading lower by 3.91% to $103.46. The Federal Reserve Wednesday afternoon raised its target fed funds rate by 75 basis points?to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years.

  5. What's Going On With Microsoft Shares Falling Today?
    | 06/16/22 10:44 AM EDT

    Microsoft Corporation? shares are getting hit Thursday morning amid overall market weakness, trading lower by 2.60% to $245.22. The Federal Reserve Wednesday afternoon raised its target fed funds rate by 75 basis points?to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years.

  6. Why Apple Shares Are Diving Today
    | 06/16/22 10:39 AM EDT

    Apple Inc shares are trading lower by 3.19% to $131.11 Thursday morning amid overall market weakness. "Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures," the Fed said in a statement... Following the Fed decision, the 10-year US Treasury yield has spiked, which has continued to pressure valuations in 2022.

  7. Mortgage Rates Surge on Inflation Expectations
    GlobeNewswire | 06/16/22 10:00 AM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.78 percent. ?Mortgage rates surged as the 30-year fixed-rate mortgage moved up more than half a percentage point, marking the largest one-week increase in our survey since 1987,? said Sam Khater, Freddie Mac?s Chief Economist.

  8. Mid-Morning Market Update: Markets Open Lower; US Jobless Claims Fall To 229,000
    | 06/16/22 09:54 AM EDT

    U.S. stocks traded lower this morning, after the Federal Reserve raised interest rates by 0.75% on Wednesday. Following the market opening Thursday, the Dow traded down 2.53% to 29,891.78 while the NASDAQ fell 2.93% to 10,773.95. The S&P also fell, dropping, 2.85% to 3,681.85.

  9. Bank Of England Hikes Interest Rates For Fifth Straight Time To Address Inflation
    | 06/16/22 09:53 AM EDT

    The Bank of England has initiated its fifth consecutive interest rate hike with a 25 basis point uptick to 1.25%. What Happened: The central bank's Monetary Policy Committee voted 6-3 on the increase, with the dissenting voters seeking a more aggressive 50 basis point hike to 1.5%. In announcing the rate hike, the Bank of England acknowledged the U.K.'s inflation rate was "expected to average s...

  10. 3 Stocks Under $3 Insiders Are Aggressively Buying
    | 06/16/22 08:12 AM EDT

    The Federal Open Market Committee opted to raise fed funds rates by 0.75% on Wednesday to a new target range of between 1.5% and 1.75%. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Below is a look at a few recent notable insider transactions for penny stocks.

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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