Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding 0.5%. The Philadelphia Housing Index dropped 1.1%, and the State Street Real Estate Select Sector SPDR ETF declined 0.5%. Bitcoin fell 2% to $79,831, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.378%. In corporate news, JPMor...
* Iran reviewing US proposal to end war. * Dollar, Treasury yields ease on peace deal hopes. * Brent crude oil down about 6% so far this week. By Noel John. Gold prices rose for a third consecutive session on Thursday, supported by a softer dollar as hopes of a U.S.-Iran deal eased concerns over inflation and prolonged high interest rates.
Financial stocks were advancing in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was climbing 2.1%, and the State Street Real Estate Select Sector SPDR ETF was up 1.6%. Bitcoin was increasing 0.5% to $81,294, and the yield for 10-year US Treasuries declined 6 basis poi...
Financial stocks were advancing in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 0.6%. The Philadelphia Housing Index was climbing 2.1%, and the State Street Real Estate Select Sector SPDR ETF was up 1.6%. Bitcoin was increasing 0.5% to $81,294, and the yield for 10-year US Treasuries declined 6 basis poi...
* Oil prices plunge over 6% on reports of US-Iran deal progress. * 10-year note yield hits lowest since April 27. * Fed's Musalem says rates may need to stay on hold. By Chuck Mikolajczak. U.S. Treasury yields dropped on Wednesday as oil prices plunged on reports that the United States and Iran were closing in on an agreement for a one-page memorandum to end the war in the Gulf region.
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF adding 0.5%. The Philadelphia Housing Index was climbing 1.9%, and the State Street Real Estate Select Sector SPDR ETF was up 1.5%. Bitcoin was increasing 0.7% to $81,508, and the yield for 10-year US Treasuries was shedding 6.2 basis po...
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF adding 0.5%. The Philadelphia Housing Index was climbing 1.9%, and the State Street Real Estate Select Sector SPDR ETF was up 1.5%. Bitcoin was increasing 0.7% to $81,508, and the yield for 10-year US Treasuries was shedding 6.2 basis po...
* Oil prices plunge over 6% on reports of US-Iran deal progress. * 10-year note yield hits lowest since April 27. * Fed's Musalem says rates may need to stay on hold. By Chuck Mikolajczak. U.S. Treasury yields fell on Wednesday, as oil prices plunged on reports that the United States and Iran were closing in on an agreement for a one-page memorandum to end the war in the Gulf region.
Financial stocks advanced in late Tuesday afternoon trading with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.2%. The Philadelphia Housing Index gained 2.1%, and the State Street Real Estate Select Sector SPDR ETF increased 0.3%. Bitcoin rose 2.1% to $81,532, and the yield for 10-year US Treasuries shed 3 basis points to 4.416%. In economic...
Financial stocks advanced in late Tuesday afternoon trading with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.3%. The Philadelphia Housing Index gained 2.2%, and the State Street Real Estate Select Sector SPDR ETF increased 0.3%. Bitcoin rose 2.1% to $81,532, and the yield for 10-year US Treasuries shed 3 basis points to 4.416%. In corporat...
* Crude prices drop but remain volatile after recent Middle East tensions. * Job openings fall but above expectations. * ISM Services expansion slows for second straight month. By Chuck Mikolajczak.
Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF falling 0.2%. The Philadelphia Housing Index gained 1.9%, and the State Street Real Estate Select Sector SPDR ETF increased 0.1%. Bitcoin rose 1.7% to $81,234, and the yield for 10-year US Treasuries shed 3.2 basis points to 4.41%. In sector ne...
Gold traded higher midafternoon on Tuesday, rising off a five-week low as treasury yields weakened. Gold for June delivery was last seen up US$35.60 to US$4,568.90 per ounce.
Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF falling 0.2%. The Philadelphia Housing Index gained 1.9%, and the State Street Real Estate Select Sector SPDR ETF increased 0.1%. Bitcoin rose 1.7% to $81,234, and the yield for 10-year US Treasuries shed 3.2 basis points to 4.41%. In corporate...
* Crude prices drop but remain volatile after recent Middle East tensions. * Job openings fall but above expectations. * ISM Services expansion slows for second straight month. By Chuck Mikolajczak.
Gold prices rose off a five-week low early Tuesday as treasury yields eased off a 10-month high. Gold for June delivery was last seen up $44.70 to US$4,578.00 per ounce. The price of the metal has remained mostly rangebound for a month as the war on Iran has prompted some safe-haven demand for the metal, even as the higher oil prices that followed the start of the war on Iran is hiking inflation.
Oil prices jumped further above the $100-a-barrel mark on Monday as Iran controls the Strait of Hormuz, despite U.S. efforts to free up shipping, pushing U.S. Treasury yields higher and dragging stocks lower.
Oil prices jumped further above the $100-a-barrel mark on Monday as Iran controls the Strait of Hormuz, despite U.S. efforts to free up shipping, pushing U.S. Treasury yields higher and dragging stocks lower.
SWBC's Chris Brigati said he doesn't expect the geopolitical tensions to cause similar losses to muni yields unless oil prices or Treasury yields move significantly higher.
Financial stocks declined Monday with the NYSE Financial Index falling 1.1% and the State Street Financial Select Sector SPDR ETF losing 0.7%. The Philadelphia Housing Index dropped 3.4%, and the State Street Real Estate Select Sector SPDR ETF shed 0.6%. Bitcoin rose 1.7% to $79,950, and the yield for 10-year US Treasuries gained 6.8 basis points to 4.45%. In economic news, new orders for US fa...
Financial stocks were lower late Monday afternoon, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF off 0.7%. The Philadelphia Housing Index dropped 3.2%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.8%. Bitcoin was increasing 1.7% to $79,950, and the yield for 10-year US Treasuries rose 6.8 basis points to 4.45%. In corpor...
Financial stocks were lower Monday afternoon, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF off 0.8%. The Philadelphia Housing Index dropped 3.3%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.7%. Bitcoin was increasing 1.9% to $80,023, and the yield for 10-year US Treasuries was rising 7.6 basis points to 4.45%. In econo...
Financial stocks were lower Monday afternoon, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF off 0.8%. The Philadelphia Housing Index dropped 3.3%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.7%. Bitcoin was increasing 1.9% to $80,023, and the yield for 10-year US Treasuries was rising 7.6 basis points to 4.45%. In corpo...
Financial stocks were softer in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each down about 0.2%. The Philadelphia Housing Index was shedding 1.2%, and the State Street Real Estate Select Sector SPDR ETF eased 0.1% Bitcoin advanced 2.8% to $78,463, and the yield for 10-year US Treasuries decreased 1.2 basis points to 4.378%....
* Trump rejects Iran's latest proposal, Iran open to talks if US changes stance. * Fed signals less easing bias, some officials warn of possible rate hikes amid oil shock. * Market focus shifts to April jobs data and Treasury's updated funding estimates. By Karen Brettell.
Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF increasing 0.3%. The Philadelphia Housing Index was shedding 0.9%, and the State Street Real Estate Select Sector SPDR ETF eased 0.2% Bitcoin advanced 2.5% to $78,207, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.3...
Gold edged higher midafternoon Friday but remained rangebound, even as the dollar and treasury yields rose while traders turn to bonds and also while the Iran War pushes up oil prices and boosts inflation and threatens higher interest rates. Gold for June delivery was last seen up US$12.80 to US$4,642.40 per ounce.
Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF increasing 0.3%. The Philadelphia Housing Index was shedding 0.9%, and the State Street Real Estate Select Sector SPDR ETF eased 0.2% Bitcoin advanced 2.5% to $78,207, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.3...
Gold edged lower early Friday, albeit it remained rangebound, even with a weakening dollar as treasury yields rose while traders turn to bonds and also while the Iran War pushes up oil prices and boosts inflation and threatens higher interest rates. Gold for June delivery was last seen down $20.20 to US$4,609.40 per ounce.
Financial stocks were higher late Thursday afternoon, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF up 0.5%. The Philadelphia Housing Index climbed 1.6%, and the State Street Real Estate Select Sector SPDR ETF added 1.5%. Bitcoin rose 0.9% to $76,409, and the yield for 10-year US Treasuries decreased 2.8 basis points to 4.39%. In economic news, ...
Financial stocks were higher late Thursday afternoon, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF up 0.5%. The Philadelphia Housing Index climbed 1.6%, and the State Street Real Estate Select Sector SPDR ETF added 1.5%. Bitcoin rose 0.9% to $76,409, and the yield for 10-year US Treasuries decreased 2.8 basis points to 4.39%. In corporate news,...
Financial stocks were higher Thursday afternoon, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF up 0.3%. The Philadelphia Housing Index was up 1.1%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin rose 0.6% to $76,227, and the yield for 10-year US Treasuries was decreasing 2.4 basis points to 4.39%. In economic news, the...
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF up 0.2%. The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin rose 0.6% to $76,227, and the yield for 10-year US Treasuries was decreasing 2.4 basis points to 4.39%. In ...
* Treasury yields retreat as oil prices fall from recent highs. * Fed meeting signals more hawkish stance; rate-cut expectations reduced. * Mixed US economic data seen supporting Fed's cautious approach. By Karen Brettell.
U.S. 30-year Treasury bond yields topped 5% for a second day on Thursday, as oil prices surged after a report Washington may be considering more strikes on Iran and after Federal Reserve officials kept rates unchanged but signalled concern about inflation. Global fixed income markets came under pressure as crude oil prices broke above $120 a barrel.
US equity indexes closed mixed on Wednesday as crude oil futures and government bond yields rose amid concern that no end is in sight for the Iran war. The Federal Open Market Committee maintained its target rate at a policy meeting, but beneath that outcome, the level of dissent was, reportedly, the highest since 1992. The Dow Jones Industrial Average fell 0.6% to 48,861.81 at the close.
* Fed's most divided policy vote since 1992, with three officials dissenting. * Kevin Warsh set to succeed Powell, but faces resistance to rate cuts. * Rising oil prices and strong capital goods data add to inflation concerns. By Karen Brettell.
Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF up 0.1%. The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF was down 0.9%. Bitcoin was declining 1.4% to $75,268.8, and the yield for 10-year US Treasuries rose 6.2 basis points ...
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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