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Fidelity Asset Manager 60%

FSANX · NASDAQ

Market closed$18.59$-0.100000 (-0.54%)

Key statistics

Previous close$18.69
Open$18.59
Day high$18.59
Day low$18.59
52-week high$18.86
52-week low$16.63
Market cap5.62B
Volume—
Average volume—
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%

Market context

Why it moved

FSANX edged lower today amid broad market softness and mild risk-off sentiment, with limited trading volume suggesting a routine pullback rather than a reaction to any single major catalyst.

Tickeron

What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Fidelity Asset Manager 60% declined modestly, closing down about 1.1%, as a semiconductor-led tech selloff dragged on broader equity markets and weighed on this balanced fund's equity holdings. The XLF financial sector ETF edged slightly higher in after-hours trade, buoyed by a blockbuster Q2 earnings season for major banks—Goldman Sachs, JPMorgan, BofA, and Citigroup all beat estimates—yet the Nasdaq's sharp pullback on TSMC-related chip concerns pressured the fund's growth-oriented allocations. Morningstar flagged financial stocks as underperformers over the past year amid AI disruption worries, adding a cautious backdrop to the asset management sector.

-1.117

July 16, 2026Fidelity Asset Manager 60% (FSANX), a balanced fund with ~60% equity exposure, closed essentially flat amid a mixed market session where tech weakness dragged major indexes lower. The fund's diversified allocation—spanning equities, bonds, and other assets—faces a constructive backdrop from strong Q2 bank earnings (Goldman Sachs, BlackRock, Citizens Financial all beat estimates) and softer-than-expected inflation data, though geopolitical tensions tied to the U.S.-Iran conflict and elevated oil prices introduce uncertainty. The Financial Services sector ETF (XLF) is trading near 52-week highs, reflecting broad strength in financials that benefits the fund's equity sleeve.

-0.2136

July 15, 2026Fidelity Asset Manager 60% closed essentially flat, holding near its 52-week high, as the broader financial services sector benefited from a wave of blowout Wall Street earnings. BlackRock surpassed Q2 estimates with iShares hitting $6 trillion in AUM, while Goldman Sachs, Morgan Stanley, BNY, and JPMorgan all reported record or near-record quarters driven by surging trading revenues and dealmaking. This constructive backdrop for asset managers supports the fund's diversified 60/40-oriented portfolio, though investors remain watchful of persistent inflation, geopolitical risk from the US-Iran conflict, and a hawkish Fed posture heading into H2 2026.

0.0532

July 14, 2026Fidelity Asset Manager 60% (FSANX), a balanced fund with roughly 60% equity exposure, closed modestly lower as the broader financial services sector navigated a complex macro backdrop. While major Wall Street banks including JPMorgan and Goldman Sachs posted strong Q2 results driven by record trading and dealmaking, investor sentiment was tempered by renewed US-Iran tensions, rising oil prices, and a hawkish Fed outlook that has pushed rate-hike probabilities higher. Morningstar noted financial stocks underperformed the broader market in Q2, partly weighed by AI disruption concerns and cracks in private credit—headwinds that continue to shape sector sentiment heading into the second half of 2026.

-0.3193

July 8, 2026Fidelity Asset Manager 60% (FSANX), a balanced fund with roughly 60% equity exposure, closed essentially unchanged amid a broad risk-off session driven by escalating U.S.-Iran tensions after President Trump declared a peace framework 'over,' sending oil prices surging over 5% and dragging U.S. equities lower. The financial services sector, tracked by XLF, also edged lower in after-hours trading, reflecting investor caution ahead of Q2 bank earnings season—where UBS flagged peak banking optimism and Goldman Sachs warned that AI-driven earnings surprises may be fading.

-0.2138

July 6, 2026Fidelity Asset Manager 60% (FSANX) edged higher, approaching its 52-week high, as broader financial services and equity markets advanced on the back of a semiconductor rebound and easing geopolitical tensions. The S&P 500 built on its strong second-quarter gains while financial stocks remained in focus ahead of the Federal Reserve's June meeting minutes and the kickoff of Q2 earnings season, with investors watching whether market leadership can broaden beyond technology into financials, healthcare, and industrials.

0.7479

June 24, 2026Fidelity Asset Manager 60% closed down 1.27%, pressured by a volatile week for multi-asset portfolios as a global tech-led selloff rattled equity markets. The S&P 500 fell over 1% on Tuesday amid AI valuation concerns and a sharp decline in semiconductor stocks, with the Nasdaq dropping nearly 3%, before a partial recovery on Wednesday. Broader financial sector sentiment was further weighed by shifting rate expectations — Bank of America forecasting three Fed rate hikes this year — while BlackRock shares also declined roughly 3% as asset managers broadly faced headwinds from equity market corrections impacting assets under management.

-1.2746

The Daily Upside · June 17, 2026Fidelity Joins Mad Dash into ETF Share ClassesInvestmentNews · June 16, 2026Fidelity is boarding the ETF share class express

Peers

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