Reported about 19 hours ago
US stocks dropped on Monday after Moody's downgraded the US credit rating from Aaa to Aa1, reflecting concerns over rising deficits and debt refinancing amidst high interest rates. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all fell, with Treasury yields increasing in response. Treasury Secretary Scott Bessent issued warnings regarding tariffs while the market awaited upcoming earnings reports from major retailers and tech companies.
Source: YAHOO