News Results

  1. Fed Chair Jerome Powell Tests Positive For COVID-19, Working From Home
    Benzinga | 05/17/24 01:55 PM EDT

    Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is working from home. What Happened: Powell, 71, tested positive for COVID-19 Thursday and is experiencing symptoms, a Fed spokesperson said in an emailed statement, according to Reuters.

  2. Investor Optimism Decreases Slightly After Economic Reports, US Stocks Settle Lower
    Benzinga | 05/17/24 02:31 AM EDT

    The CNN Money Fear and Greed index showed some decline in the overall market sentiment, but the index remained in the ?Greed? zone on Thursday. U.S. stocks settled lower on Thursday, after the Dow Jones index briefly surged above the 40,000 mark for the first time. The Dow has surged around 6% this year, while the S&P 500 gained about 11% in 2024.

  3. Warning For Chinese Economy? Shoppers Fail To Keep Pace With Factory Output
    Benzinga | 05/17/24 01:08 AM EDT

    In April, China?s retail sales growth decelerated while industrial activity remained robust, according to data released on Friday by the National Bureau of Statistics. What Happened: Retail sales in April increased by 2.3% year-over-year, falling short of the 3.8% forecasted by a Reuters poll.

  4. Disinflation Hopes Reshape Treasury Yields' Major Trend: 5 Bond ETFs Poised To Rally On Fed Rate Cuts
    Benzinga | 05/16/24 01:55 PM EDT

    A major trend shift is unfolding in the bond market, as key Treasury yields are currently testing the support of the crucial 200-day moving average, following the release of benign economic data that has cemented investor bets on Federal Reserve rate cuts.

  5. US Stocks Edge Higher; Initial Jobless Claims Fall
    Benzinga | 05/16/24 09:57 AM EDT

    U.S. stocks traded slightly higher this morning on Thursday.

  6. Pin Drop Silence For Markets Ahead Of US CPI Data. Gold Traders Are In A Zombie Mode
    Benzinga | 05/15/24 03:38 PM EDT

    European and US futures are trading cautiously higher as traders wait for the most important economic data for this week, which is the US CPI number.

  7. The SPY Flies Higher After U.S. Inflation Report Renews Hopes Of Rate Cuts
    Benzinga | 05/15/24 11:30 AM EDT

    The SPDR S&P 500 reached a new all-time high of $526.80 on Wednesday after the Consumer Price Index showed inflation pressures eased in April. The central bank is widely anticipated to hold rates steady until September when a 25-basis point cut is expected.

  8. April CPI is 3.4%
    Benzinga | 05/15/24 11:09 AM EDT

    Today, we got the April Consumer Price Index report which showed an overall increase of?3.4% unadjusted in the last year and 0.3% vs last month. This is not the disinflation story many have been celebrating in recent months. I still don't think current Fed policy is as restrictive as some believe. Food:? Food inflation came in at 2.2% which was the same as last month.

  9. Euro Climbs To Five-Week High Ahead Of US CPI Data
    Benzinga | 05/15/24 09:44 AM EDT

    By RoboForex Analytical Department. The EUR/USD pair reached a five-week high at 1.0822, buoyed by positive market sentiment ahead of today's crucial US Consumer Price Index data release. Federal Reserve Chair Jerome Powell recently provided a confident assessment of the US economy, predicting above-trend GDP growth and a decline in inflation.

  10. Investor Optimism Improves Ahead Of CPI Report, Nasdaq Settles At Record High
    Benzinga | 05/15/24 01:39 AM EDT

    The CNN Money Fear and Greed index showed further improvement in overall market sentiment, but the index remained in the ?Neutral? zone on Tuesday. U.S. stocks settled higher on Tuesday, with the Nasdaq Composite surging to a new closing record level during the session.

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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