Reported about 13 hours ago
Wall Street futures and the dollar experienced a downturn following Moody's downgrade of the U.S. credit rating amidst concerns about the nation's substantial debt, which exceeds $36 trillion. Treasury yields increased as the government navigates economic policy uncertainties, particularly regarding proposed tax cuts that could significantly raise debt over the next decade. Treasury Secretary Scott Bessent dismissed the downgrade while emphasizing potential tariff measures in trade discussions. Market analysts await earnings reports and China's economic data for insight into consumer trends as tensions in trade policy persist.
Source: YAHOO