Reported about 19 hours ago
The recent downgrade of the U.S. credit rating by Moody's caused significant movements in global markets, with long-dated Treasury yields rising and the dollar weakening. Despite initial losses, U.S. stocks rebounded, and optimism remains around U.S.-China trade relations, putting the S&P 500 close to its all-time high. The downgrade highlights ongoing concerns about U.S. fiscal health as lawmakers debate a tax bill amid increasing national debt.
Source: YAHOO