Reported 3 months ago
Despite a troubling downgrade of US debt by Moody’s, stock traders found opportunities as Treasury yields dropped, prompting buyers to invest in the dip. This led the S&P 500 to recover from a decline, demonstrating resilience in the stock market. Investors remain hopeful as improvements in trade relations between the US and China suggest a better outlook for equities, with analysts indicating that any market pullbacks are viewed as buying chances.
Source: YAHOO