Reported 1 day ago
Wall Street stocks ended flat as investor sentiment was dampened by Moody's downgrade of the U.S. sovereign credit rating from 'Aaa' to 'Aa1' due to the government's significant debt. Despite the downgrade, the S&P 500 achieved its sixth consecutive daily gain, led by advances in healthcare and consumer staples. The Dow Jones increased by 137.33 points while the Nasdaq showed minor gains. Concerns about a potential tax bill also affected Treasury yields, with a slight increase noted.
Source: YAHOO