News Results

  1. Market calm yields to stock surge as traders cheer Fed rate cut
    Reuters | 09/19/24 11:34 AM EDT

    * Muted initial market reaction gives way to sharper moves. * Small cap stocks up sharply. * Bond yields spike. By Saqib Iqbal Ahmed, Suzanne McGee and Carolina Mandl. An initial muted market reaction following the Federal Reserve's first rate cut in four years gave way to a surge in U.S. stocks as uncertainty ebbed and investors digested the implications of easing monetary policy.

  2. EMERGING MARKETS-Brazil's real hits one-month high after 25-bps rate hike
    Reuters | 09/19/24 11:32 AM EDT

    Brazil's real outperformed its regional peers on Thursday after the central bank kicked off an interest rate-hiking cycle and signaled more increases, while key indexes for Latin American assets ...

  3. CANADA STOCKS-Toronto stocks hit record high after US rate cut
    Reuters | 09/19/24 11:29 AM EDT

    Canada's main stock index climbed to a record high on Thursday, boosted by technology stocks, as investors cheered an outsized interest-rate cut by the U.S. Federal Reserve.

  4. BRIEF-S&P Says Oregon 'AA+' GO Bond Rating Affirmed, Other 'AA', 'AA+/A-1' Bond Ratings Affirmed; Outlook Is Stable
    Reuters | 09/19/24 11:14 AM EDT

    S&P: * S&P SAYS OREGON 'AA+' GO BOND RATING AFFIRMED, OTHER 'AA', 'AA+/A-1' BOND RATINGS AFFIRMED; OUTLOOK IS STABLE.

  5. PRECIOUS-Gold gains over 1% as Fed begins deeper rate-cut cycle
    Reuters | 09/19/24 10:29 AM EDT

    * Bullion rose to record high of $2,599.92 on Wednesday. * Silver gains over 3% * UBS: greater gold ETF demand to gather pace in coming months. By Anushree Mukherjee.

  6. US STOCKS-Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle
    Reuters | 09/19/24 10:15 AM EDT

    * S&P 500, Dow hit record highs. * BofA expects Fed to go for 75-bp cut in Q4. * US big banks rise after Fed's jumbo rate cut. * Weekly jobless claims stand at 219,000. * Indexes up: Dow 0.94%, S&P 500 1.29%, Nasdaq 2.15% By Johann M Cherian and Purvi Agarwal.

  7. India's IIFL Finance says cenbank lifts curbs on its gold loan business
    Reuters | 09/19/24 10:13 AM EDT

    IIFL Finance said on Thursday that India's central bank has lifted the restrictions on the company's gold loan business, in what would be the removal of a key overhang on the lender. The Reserve Bank of India in March ordered the company to stop offering gold loans, citing supervisory concerns in its gold loans portfolio.

  8. US existing home sales drop in August; supply improves
    Reuters | 09/19/24 10:03 AM EDT

    U.S. existing home sales fell more than expected in August as house prices remained elevated despite a continued improvement in supply. Home sales fell 2.5% last month to a seasonally adjusted annual rate of 3.86 million units, the National Association of Realtors said on Thursday. Economists polled by Reuters had forecast home resales falling to a rate of 3.90 million units.

  9. US existing home sales drop in August; supply improves
    Reuters | 09/19/24 10:00 AM EDT

    U.S. existing home sales fell more than expected in August as house prices remained elevated despite a continued improvement in supply. Home sales fell 2.5% last month to a seasonally adjusted annual rate of 3.86 million units, the National Association of Realtors said on Thursday. Economists polled by Reuters had forecast home resales falling to a rate of 3.90 million units.

  10. Brazil's currency strengthens after central bank rate hike
    Reuters | 09/19/24 09:58 AM EDT

    The Brazilian real opened higher on Thursday a day after the central bank raised its benchmark interest rate, diverging from the U.S. Federal Reserve, which began its anticipated easing cycle. The currency rose more than 1% against the U.S. dollar early in the session before paring gains, but still extending its recent strengthening trend.

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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