Fidelity Commonwealth Trust Fidelity Small Cap Stock Fund

FSLCX · NASDAQ

Market closed$20.96$-0.100000 (-0.47%)

Key statistics

Previous close$21.06

Open$20.96

Day high$20.96

Day low$20.96

52-week high$22.02

52-week low$17.48

Market cap1.41B

Volume—

Average volume—

P/E ratio—

Forward P/E—

EPS—

Dividend yield0.00%

Market context

Why it moved

FSLCX edged lower amid broader small-cap fund weakness and general market softness, with no specific catalyst identified, as the modest decline appears to reflect routine net asset value fluctuation rather than any single major news event.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Fidelity Small Cap Stock Fund edged lower as broader market sentiment turned cautious, with the S&P 500 pulling back amid a semiconductor-led selloff following TSMC's spending forecast and escalating Middle East tensions. While the financial sector broadly benefited from a blockbuster Q2 earnings season — with major banks posting 20-45% profit growth and the iShares U.S. Financial Services ETF hitting 52-week highs — small-cap equities faced headwinds from risk-off positioning and concerns about concentrated AI-driven market leadership leaving broader stocks behind.

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July 16, 2026Fidelity Small Cap Stock Fund edged slightly lower, closing nearly flat amid a mixed day for equities as Wall Street closed in the red with tech stocks dragging major indexes. The broader financial sector, however, remained resilient — the XLF sector ETF held near a 52-week high — supported by a blockbuster Q2 earnings season for financials, with major banks including Goldman Sachs, JPMorgan, Citigroup, and State Street all reporting strong profits fueled by record trading activity and surging M&A fees. Softer-than-expected CPI data and a benign PPI reading provided further macro support, tempering fears of rate hikes and offering a favorable backdrop for small-cap equity funds with financial sector exposure.

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July 14, 2026Fidelity Small Cap Stock Fund closed modestly lower, edging down alongside broader financial services sector weakness as investors navigated a complex macro backdrop. Q2 earnings season kicked off with strong results from JPMorgan — posting record quarterly profit — and Goldman Sachs and Wells Fargo also beating estimates, though the XLF financial sector ETF still slipped in after-hours trade. Meanwhile, Morningstar flagged financial stocks as the second-worst-performing sector over the past year, citing AI disruption concerns and cracks in private credit, headwinds that weigh on small-cap asset managers. A cooler-than-expected June CPI print of 3.5% offered some relief, but escalating US-Iran tensions in the Strait of Hormuz and rising oil prices kept risk sentiment cautious.

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July 13, 2026Fidelity Small Cap Stock Fund declined as broader market risk-off sentiment weighed on equities, driven by renewed U.S.-Iran military exchanges that sent oil prices surging over 4% and rattled global markets ahead of a critical week. Small-cap funds faced additional pressure as Morningstar flagged financial services stocks as the second-worst-performing sector over the past year, citing AI disruption concerns and cracks in private credit, even as major bank Q2 earnings — expected to show strong investment banking results — loom on Tuesday.

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July 9, 2026Fidelity Small Cap Stock Fund gained modestly, rising alongside a broadly resilient financial services sector as investors positioned ahead of a pivotal Q2 earnings season kicking off with major banks on July 14. The fund's advance outpaced the XLF sector ETF, which closed the day roughly flat, as small-cap equities benefited from a rotation into cyclicals and value names amid ongoing U.S.-Iran geopolitical tensions that rattled AI and tech-heavy large-caps. Goldman Sachs surged over 3% on a $70B pension mandate win, lifting sentiment across asset managers, while S&P 500 Q2 earnings are projected to grow ~24% year-over-year, providing a constructive backdrop for small-cap exposure.

1.3327

July 2, 2026Fidelity Small Cap Stock Fund (FSLCX) declined sharply as small-cap equities faced broad selling pressure ahead of the June U.S. jobs report, with investors cautious amid rising rate-hike expectations and macro uncertainty. The fund's drop came despite the finance sector posting strong Q2 gains of 10.9%, as asset managers broadly underperformed — down an average of 8.9% since Q1 earnings — weighed by fee compression pressures and a macro backdrop of persistently elevated inflation, hawkish Fed signals under Chair Kevin Warsh, and a chip-stock selloff triggered by Meta's AI cloud entry.

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June 30, 2026Fidelity Small Cap Stock Fund closed up 1.80%, touching a new 52-week high, as small-cap equities benefited from broad market optimism on the final trading day of a strong first half of 2026. The S&P 500 finished the half up nearly 9%, buoyed by AI-driven tech gains and easing US-Iran tensions following a fragile ceasefire, while investors also weighed upcoming jobs data and the prospect of Federal Reserve rate moves that could affect interest rate-sensitive small caps.

1.8031

June 29, 2026Fidelity Small Cap Stock Fund edged down modestly, closing near but just below its 52-week high as broader markets recovered from last week's sharp losses. The U.S.-Iran ceasefire agreement halting Strait of Hormuz strikes lifted equity sentiment broadly, while rotation away from mega-cap tech — with the Nasdaq falling 4.5% last week — provided a modest tailwind for small-cap exposure. The Financial Select Sector ETF (XLF) held largely steady in after-hours, as financial stocks benefited from Supreme Court backing of Fed independence and raised price targets for select regional banks from Morgan Stanley.

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Barron's · April 28, 2026Fidelity to Pay $1.25 Million Over Data Breach That Exposed 77,000 People InvestmentNews · April 27, 2026Client information data breach costs Fidelity $1.25 million in Massachusetts fine

Peers

S&P 500SPX · $7,457.69-1.01%

Artisan Small Cap Fund Inv ShsARTSX · $40.14-0.35%

Baird Mid Cap Growth Fund - Institutional ClassBMDIX · $20.53-0.77%

Boston Trust Walden Small Cap FundBOSOX · $18.89-0.89%

Domini Impact Equity Fund Investor SharesDSEFX · $40.73-1.14%

Glenmede Small Cap Equity PortfolioGTSCX · $37.93-0.91%

Natixis Funds Trust II Oakmark FundNEFOX · $31.23-1.05%

Voya Large-Cap Growth Fund;IPLCIX · $63.73-1.38%

Company profile

Fidelity Commonwealth Trust Fidelity Small Cap Stock Fund (FSLCX) is an actively managed, open-end mutual fund launched on March 12, 1998, and domiciled in the United States, that seeks long-term growth of capital by investing at least 80% of its assets in common stocks of companies with small market capitalizations, typically aligned with those in the Russell 2000® Index or the S&P SmallCap 600® Index. The fund, managed under the Fidelity Investments umbrella and classified in the Small Blend Morningstar category, employs rigorous fundamental analysis to assess issuers' financial strength, competitive positioning, and macroeconomic factors, with the flexibility to invest in both domestic and international equities across growth and value styles. As of mid-2025, the fund manages approximately $1.1 billion in net assets, holds a concentrated portfolio of around 126 equity issues with top sector exposures in Financials (~20%), Technology (~14%), and Retail Trade (~14%), and carries a net expense ratio of approximately 0.87%. The fund is listed on NASDAQ under ticker FSLCX with a market capitalization of approximately $1.33 billion, and has delivered a 1-year total return of approximately 11.84% and a 5-year annualized return of approximately 10.75% as of June 30, 2025.

Symbol: FSLCX
Exchange: NASDAQ
Sector: Financial Services
Industry: Asset Management
Employees: 0
Country: US
IPO date: 1998-03-12
Website: fundresearch.fidelity.com

Analyst consensus

hold

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