* Equities rally but S&P 500, Nasdaq fall for the week. * Greenback dips as risk assets catch a bid. * Cryptocurrencies, precious metals rebound after steep losses. * Oil settled higher as US-Iran talks get under way. By Sin?ad Carew and Sophie Kiderlin.
Investors are ramping up bets on higher long-dated Treasury yields and a steeper yield curve as incoming Federal Reserve Chair Kevin Warsh is expected to press for interest rate cuts while shrinking the U.S. central bank's balance sheet.
Investors are ramping up bets on higher long-dated Treasury yields and a steeper yield curve as incoming Federal Reserve Chair Kevin Warsh is expected to press for interest rate cuts while shrinking the U.S. central bank's balance sheet.
* Trump picks former Fed official Warsh to run Fed. * Jerome Powell's term as chair ends in May. * Dollar gains on the day, US stocks edge lower as markets react. By Lewis Krauskopf, Dhara Ranasinghe and Tom Westbrook.
The choice of Kevin Warsh to lead the U.S. Federal Reserve clears uncertainty on Wall Street about the central bank's likely next chair, but leaves investors weighing how the former Fed governor's past hawkish leanings will mesh with President Donald Trump's insistence on far lower interest rates.
Synchrony Financial's (SYF) fourth-quarter interest income missed estimates on Tuesday, as CEO Brian Doubles warned that a proposed U.S. cap on credit-card interest rates would ?force issuers to pull back on lending, hitting lower-income consumers hardest.
* Japanese bonds rally, underpin Treasuries. * Trump says US won't use force on Greenland. * Investors focus on US 20-year auction. By Gertrude Chavez-Dreyfuss. U.S. Treasury yields edged lower on Wednesday, pulling back from multi-month highs reached in the previous session after a steep selloff, as a recovery in Japanese government bonds helped steady global fixed-income markets.
* JPMorgan Chase (JPM) beats estimates for Q4 profit. * Delta Air profit forecast disappoints. * December CPI rises 2.7% YoY. By Caroline Valetkevitch. U.S. stocks ended lower on Tuesday, led by a drop in financial shares as comments from JPMorgan (JPM) executives added to ?worries about U.S. President Donald Trump's recent proposal for a cap on credit-card rates.
* Oracle shares fall after quarterly results; Nasdaq down as well. * Dollar down against euro, other currencies in wake of Fed news Wed. * Treasury yields also fall. * Broadcom (AVGO) shares weaker after the bell. By Caroline Valetkevitch.
Major stock indexes mostly rose on Thursday, with the Dow and S&P 500 posting record closing highs, while the dollar and U.S. bond yields extended declines from the day before, when the Federal Reserve cut interest rates but gave a less hawkish outlook than expected.
* Job openings rise unexpectedly. * * Market anticipates 'hawkish cut' with higher bar for future cuts. By Chuck Mikolajczak. Most U.S. Treasury yields advanced on Tuesday, erasing earlier declines after a report on the labor market and before a Federal Reserve policy announcement in which the central bank is largely expected to cut interest rates.
* Job openings rise unexpectedly. * * Market anticipates "hawkish cut" with higher bar for future cuts. By Chuck Mikolajczak. U.S. Treasury yields were mostly higher on Tuesday, erasing earlier declines after data on the labor market and ahead of a Federal Reserve policy announcement in which the central bank is largely expected to cut interest rates.
* Warner Bros gains after Netflix (NFLX) agrees to buy the company. * Investors assess inflation and consumer sentiment data. * Ulta Beauty soars after raising forecasts. By Chuck Mikolajczak. NEW YORK, Dec 5 - U.S. stocks closed out the trading week with slight gains on Friday as the latest flurry of economic data kept elevated expectations for a Federal Reserve interest rate cut next week intact.
U.S. stocks closed out the trading week with slight gains on Friday as the latest flurry of economic data kept elevated expectations for a Federal Reserve interest rate cut next week intact.
* * Bristol Myers gains after rival's positive late-stage data. By Stephen Culp. Wall Street stocks closed higher on Monday, extending Friday's rally as increased odds that the U.S. Federal Reserve will lower its Fed funds target rate in December helped investors look past concerns about inflated tech valuations.
Wall Street stocks closed higher on Monday, extending Friday's rally as increased odds that the U.S. Federal Reserve will lower its Fed funds target rate in December helped investors look past concerns about inflated tech valuations.
Wall Street stocks closed higher on Monday, extending Friday's rally as increased odds that the U.S. Federal Reserve will lower its Fed funds target rate in December helped investors look past concerns about inflated tech valuations.
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.
Log In Required
Publication Date