Stocks fell on Wednesday, a day after Fitch Ratings lowered its U.S. debt ratings to AA+ from the top AAA category. The Dow Jones Industrial Average shed about 1%:
Stocks fell on Wednesday, a day after Fitch Ratings lowered its U.S. debt ratings to AA+ from the top AAA category, pointing to its growing debt burden and “erosion of governance” over the past two decades. The S&P 500 SPX, -1.38% fell about 63 points, or 1.4%, ending near 4,513, booking its biggest daily percentage decline since April 25, according to preliminary Dow Jones Market Data. The Dow Jones Industrial Average DJIA, -0.98% shed about 1%, while the Nasdaq Composite Index COMP, -2.
17% closed 2.2% lower. Stocks already had been taking a breather from their march toward record levels when Fitch on Tuesday evening made good on a threat to downgrade its U.S. debt rating a notch to AA+. Longer-dated Treasury yields rose Wednesday, with the 10-year Treasury rate TMUBMUSD10Y, 4.079% touching 4.07%, according to FactSet. Treasurys and other haven assets are viewed as likely to benefit from a flight to safety in a scenario where investors get more jittery about the U.S.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fitch slashes U.S. credit ratings to AA+ from AAA, points to ‘erosion’ of governanceFitch Ratings cut its top U.S. credit rating to AA+ from AAA on Tuesday, pointing to “erosion” of governance and the nation’s expected fiscal deterioration...
Consulte Mais informação »
Fitch cuts US credit rating a notch from AAA to AA+Ratings agency Fitch on Tuesday downgraded the U.S. government's top credit rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years as well as a high and growing general government debt burden.
Consulte Mais informação »
U.S. AAA debt rating gets a downgrade by Fitch; White House says move 'defies reality'Fitch Ratings late Tuesday made good on recent concerns about the U.S. credit profile and downgraded its rating on the nation’s debt one notch to AA+ from AAA.
Consulte Mais informação »
Fitch downgrades US' long-term ratings from 'AAA' to 'AA+'Fitch Ratings said Tuesday it has downgraded the United States' long-term foreign-currency issuer default rating to 'AA+' from 'AAA,' drawing pushback from Treasury Secretary Yellen.
Consulte Mais informação »
Fitch downgrades U.S. long-term rating to AA+ from AAAThe rating agency cited 'expected fiscal deterioration over the next three years.'
Consulte Mais informação »
Wall Street gears up for rough ride after Fitch’s downgrade of US’ AAA credit ratingRatings agency Fitch downgraded the US’ sovereign credit grade one level — from AAA to AA+ — in a shock move on Tuesday that sent global markets sliding.
Consulte Mais informação »