← Markets

Fidelity ZERO Large Cap Index Fund

FNILX · NASDAQ

Market closed$26.69$-0.270000 (-1.00%)

Key statistics

Previous close$26.96
Open$26.69
Day high$26.69
Day low$26.69
52-week high$27.22
52-week low$22.38
Market cap18.42B
Volume—
Average volume—
P/E ratio—
Forward P/E—
EPS—
Dividend yield+0.93%

Market context

Why it moved

FNILX, a Fidelity index fund tracking the S&P 500, declined as broader U.S. equity markets faced selling pressure amid general risk-off sentiment, with no fund-specific news available to explain the move beyond macro-driven weakness.

FintelFintelFacebookFacebookFintel

What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026The Fidelity ZERO Large Cap Index Fund declined as the broader S&P 500 pulled back, dragged lower by a semiconductor-led selloff after TSMC's spending forecast unsettled chip investors and escalating Middle East tensions fueled risk-off sentiment. Despite strong Q2 earnings from major financials — including Goldman Sachs, BlackRock, BNY, and Morgan Stanley — concerns over AI-driven market concentration and a widening gap between AI infrastructure winners and the rest of the market weighed on large-cap indexes, with the Nasdaq falling roughly 1.47% on July 16 ahead of further pressure on July 17.

-1.5492

July 15, 2026The Fidelity ZERO Large Cap Index Fund edged up, benefiting from a broad market rally fueled by a cooler-than-expected June CPI report (3.5% vs. 3.8% forecast) and a wave of blowout Wall Street earnings. BlackRock topped Q2 estimates with EPS of $13.91 and iShares surpassing $6 trillion in AUM, while Goldman Sachs, JPMorgan, Morgan Stanley, and BofA all beat expectations on record trading and dealmaking — a tailwind for large-cap index exposure. The S&P 500 closed near its 52-week high, with AI-driven large-cap growth stocks continuing to dominate returns heading into H2 2026.

0.7807

July 14, 2026The Fidelity ZERO Large Cap Index Fund edged lower, tracking a broadly mixed session for large-cap equities as investors balanced a softer-than-expected June CPI print (headline inflation at 3.5%) against ongoing US-Iran tensions and record Q2 bank earnings from JPMorgan and Goldman Sachs. Morningstar's Q3 outlook flagged financial services as the second-worst-performing sector over the past year, citing AI disruption fears and private credit concerns, while elevated S&P 500 valuations (Shiller CAPE above 40) and record retail margin debt add caution to the near-term outlook for passive large-cap exposure.

-0.4056

July 13, 2026The Fidelity ZERO Large Cap Index Fund edged lower, tracking a modest decline in the S&P 500 as renewed U.S.-Iran military hostilities sent oil prices surging above $79/barrel and weighed on equity sentiment. Investors balanced macro headwinds—including geopolitical risk, rising inflation fears, and a sharp selloff in Asian semiconductor stocks—against optimism heading into a pivotal Q2 earnings week featuring major U.S. banks and key inflation data, with S&P 500 earnings growth expected to exceed 20% for a second straight quarter.

-0.4073

July 8, 2026The Fidelity ZERO Large Cap Index Fund closed modestly lower, tracking broad S&P 500 weakness driven by a sharp risk-off move after President Trump declared the U.S.-Iran interim peace agreement 'over,' sending oil prices surging over 5% and rattling equity markets. The geopolitical flare-up compounded existing pressure from semiconductor weakness following disappointing Samsung earnings, with the S&P 500 retreating as investors rotated out of growth and tech into energy. Heading into Q2 earnings season, Goldman Sachs also cautioned that the AI-fueled earnings surprise cycle may be fading, adding to macro uncertainty weighing on large-cap indices.

-0.741

July 6, 2026Fidelity ZERO Large Cap Index Fund edged higher, tracking a broad market rally led by a semiconductor rebound as Bank of America characterized the recent chip sector pullback as a 'healthy reset' rather than a trend reversal. The S&P 500 advanced, building on its strong 14.9% Q2 gain, with investors now focused on upcoming Fed minutes and the start of Q2 earnings season — key catalysts that could determine whether the rally broadens beyond tech into financials, healthcare, and industrials.

0.7465

June 29, 2026The Fidelity ZERO Large Cap Index Fund gained over 1% as U.S. equities rebounded sharply after reports that the U.S. and Iran agreed to halt tit-for-tat military strikes, easing Middle East tensions that had rattled markets last week. The S&P 500 surged from last week's sharp losses — during which the index and Nasdaq fell over 2% and 4.5%, respectively — aided by a de-escalation in geopolitical risk, cooling oil prices, and strong S&P 500 earnings growth expectations of +23.7% for Q2, reinforcing the broad-based rally that lifted large-cap index funds.

1.1394

June 25, 2026The Fidelity ZERO Large Cap Index Fund closed essentially unchanged, reflecting a broadly volatile week for large-cap equities. After sharp tech-led declines mid-week — the S&P 500 fell 1.4% on Tuesday and the Nasdaq dropped 2% on Wednesday amid a global chip sell-off and AI valuation concerns — markets rebounded Thursday on blowout earnings from Micron Technology and raised guidance from Qualcomm, helping stabilize the large-cap landscape. The XLF financial sector ETF edged higher in after-hours trading, while investors await May PCE inflation data and monitor ongoing U.S.-Iran negotiations for further macro direction.

-0.1138

The White Coat Investor · April 24, 2026FNILX vs. FXAIX: Which Large-Cap Fidelity Fund Is Best?Seeking Alpha · January 10, 2022Why FNILX Should Be A Part Of Any PortfolioBarron's · September 14, 2018Fidelity’s New Zero-Fee Index Funds Offer More of NothingInvestopedia · September 13, 2018Fidelity Adds to Zero-Fee Fund Suite

Peers

S&P 500SPX · $7,457.69-1.01%Edgewood Growth FundEGFFX · $0.100400-2.71%Fidelity Advisor International Cap Appreciation FundFCPIX · $37.51-1.03%Janus Henderson Forty FundJARTX · $51.86-0.95%First Eagle Overseas FundSGOIX · $33.85-0.12%Columbia Contrarian Core FundSMGIX · $42.15-1.13%T. Rowe Price Mid-Cap Value FundTRMCX · $38.52-0.41%Vanguard Financials ETFVFH · $137.94-0.90%