Reported 1 day ago
U.S. stocks, bonds, and the dollar experienced a slight drift following Moody's downgrade of the U.S. government's credit rating, citing unsustainable debt levels and political gridlock. Initially, markets saw sharp declines but later recovered, with the S&P 500 ending up slightly as investors adjusted to the news. The downgrade raises concerns about potential increases in borrowing costs and its impact on the economy, alongside ongoing worries about trade policies and corporate outlooks.
Source: YAHOO