All three major US stock indexes were down late-morning Wednesday, as oil prices and US Treasury yields rose amid concerns about the ongoing conflict between the US and Iran. In company news, Alphabet upsized its equity capital raise to $84.75 billion from the previously announced $80 billion, according to a regulatory filing Tuesday.
* Middle East tensions drive oil prices higher, fueling inflation concerns. * US economic data beats forecasts, with strong private payrolls and factory orders. * Fed's Williams sees no need to change rates despite inflation risks. By Chuck Mikolajczak.
The artificial-intelligence boom already has fueled a record stock-market surge. Meta Platforms, Oracle and other technology companies have raised $250 billion in debt markets globally this year, according to Morgan Stanley, borrowing at a scale that would have been hard to imagine only a few years ago.
Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF increasing 0.3%. The Philadelphia Housing Index was adding 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.4%. Bitcoin was dropping 6.5% to $66,793, and the yield for 10-year US Treasuries decreased 2.4 basis point...
Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF increasing 0.2%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was dropping 5.9% to $67,131, and the yield for 10-year US Treasuries decreased 2 basis poin...
* US job openings surge to 7.618 million in April, exceeding forecasts. * Cleveland Fed's Hammack says inflation pressures may require action soon. * Oil prices choppy on report that Iran reviewing agreement. By Chuck Mikolajczak.
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF increasing 0.2%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.4%. Bitcoin was dropping 5.9% to $67,321, and the yield for 10-year US Treasuries was decreasing 1.6 basis po...
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 increasing 0.1%. The Philadelphia Housing Index was adding 0.6%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was dropping 5.2% to $67,610, and the yield for 10-year US Treasuries was decreasing 1.6 basis po...
* US job openings surge to 7.618 million in April, exceeding forecasts. * Cleveland Fed's Hammack warns inflation pressures may require action soon. * Oil prices subdued on report Iran reviewing agreement. By Chuck Mikolajczak.
* U.S. 10-year Treasury yields down more than 1% * Oil prices fall after Trump says talks with Iran are ongoing. * Lebanon announces partial ceasefire between Israel, Hezbollah. By Noel John. Gold rose 1% on Tuesday, buoyed by lower U.S. Treasury yields, while weaker oil prices eased fears of higher inflation and elevated interest rates. Spot gold rose 1% to $4,528.67 per ounce by 1136 GMT.
* U.S. 10-year Treasury yields down more than 1% * Oil prices fall after Trump says talks with Iran are ongoing. * Lebanon announces partial ceasefire between Israel, Hezbollah. By Noel John. Gold rose more than 1% on Tuesday, buoyed by lower U.S. Treasury yields, while weaker oil prices eased fears of higher inflation and elevated interest rates.
* Lebanon announces partial ceasefire between Israel and Hezbollah. * Tehran halts negotiations with US, Iranian state media says. * U.S. May employment data due later this week. By Pablo Sinha.
* Lebanon announces partial ceasefire between Israel and Hezbollah. * Tehran halts negotiations with US, Iranian state media says. * U.S. May employment data due later this week. By Pablo Sinha.
Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index shedding 0.4% and the State Street Financial Select Sector SPDR ETF decreasing 0.2%. The Philadelphia Housing Index lost 0.4%, and the State Street Real Estate Select Sector SPDR ETF fell 1.4%. Bitcoin shed 3% to $71,366, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.475%. In economic news,...
Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF decreasing 0.3%. The Philadelphia Housing Index was down 0.4%, and the State Street Real Estate Select Sector SPDR ETF fell 1.4%. Bitcoin was declining 3% to $71,366, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.475...
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index shedding 0.6% and the State Street Financial Select Sector SPDR ETF decreasing 0.5%. The Philadelphia Housing Index was down 0.8%, and the State Street Real Estate Select Sector SPDR ETF fell 1%. Bitcoin was declining 2.9% to $71,425, and the yield for 10-year US Treasuries rose 2.8 basis points to 4.48%. In ...
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index shedding 0.6% and the State Street Financial Select Sector SPDR ETF decreasing 0.5%. The Philadelphia Housing Index was down 0.8%, and the State Street Real Estate Select Sector SPDR ETF fell 1%. Bitcoin was declining 2.9% to $71,425, and the yield for 10-year US Treasuries rose 2.8 basis points to 4.48%. In ...
* Iran halts US talks, oil prices surge, market reacts to geopolitical tensions. * US Treasury yields jump, 10-year note posts biggest rise in two weeks. * Fed rate hike expectations increase as high oil prices persist, Strait of Hormuz remains closed. By Chuck Mikolajczak.
Societe Generale in its early Monday economic news summary pointed out: -- Brent +2.5% to US$93.5/barrel, 10-year United States Treasury yield +3bps at 4.47%, Germany's Bund +3bps at 2.97%. U.S.-Iran exchanged messages seeking changes to the draft agreement, including a ceasefire extension and reopening the Strait of Hormuz.
* S&P 500 marks longest weekly winning streak since December 2023. * Dollar down on the week. * US Treasury yields dip for fourth straight session. * Sources say Hormuz deal awaiting Trump's approval. By Stephen Culp.
Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF ahead 0.8%. The Philadelphia Housing Index added 0.9%, and the State Street Real Estate Select Sector SPDR ETF shed 0.7%. Bitcoin was decreasing 0.2% to $73,361, and the yield for 10-year US Treasuries decreased 1 basis point to 4.445%...
U.S. Treasury yields edged lower a fourth straight day on Friday, closing out a week in which reported progress in efforts to secure a truce between the United States and Iran had spurred some optimism on markets.
Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF ahead 0.6%. The Philadelphia Housing Index added 0.9%, and the State Street Real Estate Select Sector SPDR ETF shed 1%. Bitcoin was decreasing 0.2% to $73,361, and the yield for 10-year US Treasuries decreased 1 basis point to 4.445%. ...
* S&P 500 set for longest weekly winning streak since December 2023. * Global stocks hit fresh record high. * Dollar set for weekly dip. * U.S. Treasury yields dip for fourth straight session. * Sources say Hormuz deal awaiting Trump's approval. By Stephen Culp.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF ahead 0.9%. The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF shed 0.8%. Bitcoin was increasing 0.7% to $74,012, and the yield for 10-year US Treasuries was decreasing one basis points...
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF ahead 0.9%. The Philadelphia Housing Index was climbing 1.2%, and the State Street Real Estate Select Sector SPDR ETF shed 0.6%. Bitcoin was increasing 0.8% to $74,154, and the yield for 10-year US Treasuries was decreasing 1.9 basis points...
A sharp jump in Treasury yields following the Middle East conflict is unlikely to dampen investor appetite for equities, given corporate earnings growth and excitement surrounding artificial intelligence, Wells Fargo Investment Institute said in a note.
* S&P 500 set for longest weekly winning streak since December 2023. * Global stocks hit fresh record high. * Dollar set for weekly dip. * U.S. Treasury yields dip for fourth straight session. * Sources say Hormuz deal awaiting Trump's approval. By Stephen Culp.
U.S. Treasury yields were headed lower for a fourth straight day on Friday morning, closing out a week in which reported progress in efforts to secure a truce between the United States and Iran had spurred some optimism on markets.
The S&P 500 and Nasdaq forged new record highs on Thursday, and the dollar and Treasury yields fell after the U.S. and Iran agreed to extend their ceasefire, while investors also digested the latest U.S. inflation and revised economic growth figures.
The S&P 500 and Nasdaqforged new record highs on Thursday, and the dollar and Treasury yields fell after the U.S. and Iran agreed to extend their ceasefire, while investors also digested the latest U.S. inflation and revised economic growth figures.
Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF down 0.3%. The Philadelphia Housing Index eased 0.4%, and the State Street Real Estate Select Sector SPDR ETF shed 0.4%. Bitcoin was falling 1.3% to $73,401, and the yield for 10-year US Treasuries decreased 2.6 basis points to 4.455...
Yields on benchmark U.S. Treasury notes fell on Thursday as the United States and Iran reached an agreement on a memorandum of understanding to extend their ceasefire for another 60 days, a step toward ending their three-month-old war. "What the numbers point to today is simply that we have a stagflation problem," said Peter Cardillo, chief market economist at Spartan Capital Securities.
Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF down 0.3%. The Philadelphia Housing Index eased 0.4%, and the State Street Real Estate Select Sector SPDR ETF shed 0.4%. Bitcoin was falling 1.3% to $73,401, and the yield for 10-year US Treasuries decreased 2.6 basis points to 4.455...
Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF down 0.4%. The Philadelphia Housing Index eased 0.2%, and the State Street Real Estate Select Sector SPDR ETF added 0.1%. Bitcoin was falling 1.3% to $73,337, and the yield for 10-year US Treasuries was down 3 basis points at 4.45%. In ec...
Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF down 0.4%. The Philadelphia Housing Index eased 0.2%, and the State Street Real Estate Select Sector SPDR ETF added 0.1%. Bitcoin was falling 1.3% to $73,337, and the yield for 10-year US Treasuries was down 3 basis points at 4.45%. In co...
Yields on benchmark U.S. Treasury notes fell late Thursday morning following a media report that the United States and Iran had made a breakthrough in their efforts to end their three-month-old war.
Yields on benchmark U.S. Treasury notes retreated from earlier highs on Thursday morning following a batch of mixed economic data showing weaker growth, softening consumer income, steady inflation and falling orders in a key durable goods category. Meanwhile markets continued to shrug off persistent violence in the US conflict with Iran as Washington and Tehran work toward an agreement.
Commerzbank in its "European Sunrise" note of Thursday highlighted: Markets: United States Treasury yields open higher in Asia, continue to increase with the 10-year back above 4.5%. Brent surges to US$98/barrel after U.S. strikes on Iran. Fed: Federal Reserve Governor Lisa Cook is prepared to raise rates if inflation doesn't ease as expected.
A selloff in government bonds is testing one of the most basic assumptions in markets: that Treasuries and other high-quality debt will cushion portfolios when stocks fall. Long-dated bonds have come under pressure since the Iran war started, as investors demand more compensation for inflation, U.S. economic strength and expected increases in bond supply driven by deficit spending.
* Rising inflation and deficits weaken bonds' role as portfolio diversifiers. * Analysts highlight diminished negative correlation between stocks and Treasuries. * Some investors favor shorter maturities, but Treasuries remain key global asset. By Karen Brettell.
Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index declining 0.6% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index rose 1.3%, and the State Street Real Estate Select Sector SPDR ETF eased 0.1%. Bitcoin fell 1.3% to $74,895, and the yield for 10-year US Treasuries declined about 1 basis point to 4.48%. In ec...
Financial stocks fell in late Wednesday afternoon trading, with the NYSE Financial Index declining 0.6% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index rose 1.3%, and the State Street Real Estate Select Sector SPDR ETF eased 0.1%. Bitcoin fell 1.3% to $74,895, and the yield for 10-year US Treasuries declined about 1 basis point to 4.48%. In co...
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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