U.S. Stocks Rebound After Moody’s Credit Rating Cut
The post U.S. Stocks Rebound After Moody’s Credit Rating Cut appeared on BitcoinEthereumNews.com. Topline All three major U.S. stock market indexes rose Monday afternoon, following an earlier selloff sparked by long-dated Treasury yields surpassing the 5% mark after the financial ratings agency Moody’s downgraded the U.S. government’s credit rating late last week, citing rising debt and interest payment ratios. Moody’s lowered the U.S. government’s credit rating on Friday. AFP via Getty Images Key Facts The Dow Jones Industrial Average added 143 points, or 0.3%, and the S&P 500 increased slightly (0.1%) as of around 2 p.m. EDT, though the Nasdaq (down 0.1%) pared back losses each index fell between 0.5% and 1% earlier in the day. A broader selloff earlier Monday was led by Tesla, whose shares have dropped by 2.7%, and declines for Apple (1.3%), Palantir (2.4%) and AMD (2.3%) pulled the tech-heavy Nasdaq in the negative. Other stocks like UnitedHealth (6.8%), Microsoft (0.9%), Merck (1%), and Visa (0.8%) throughout the day and boosted a rebound for each index. Yields for 30-year U.S. Treasury notes breached the 5% mark for the first time since April 9, shortly after President Donald Trump announced wide-reaching reciprocal tariffs on U.S. trade partners, while reaching its highest mark since October 2023, when the Federal Reserve attempted to stabilize inflation by sharply raising interest rates. Aside from the brief spike in October 2023, 30-year yields last touched 5% in 2007. Here’s Why 30-Year And 10-Year Treasury Yields Are Up—and What That Means An increase in yields for long-term Treasury notes tends to coincide with concerns among investors about the long-term effects of the growing national debt, which sits at $36.2 trillion as of May 15, according to the Treasury Department. In Moody’s announcement to cut the U.S.’ credit rating last week, the agency said its downgrade “reflects the increase over more than a decade in government debt,”…
The post U.S. Stocks Rebound After Moody’s Credit Rating Cut appeared on BitcoinEthereumNews.com.
Topline All three major U.S. stock market indexes rose Monday afternoon, following an earlier selloff sparked by long-dated Treasury yields surpassing the 5% mark after the financial ratings agency Moody’s downgraded the U.S. government’s credit rating late last week, citing rising debt and interest payment ratios. Moody’s lowered the U.S. government’s credit rating on Friday. AFP via Getty Images Key Facts The Dow Jones Industrial Average added 143 points, or 0.3%, and the S&P 500 increased slightly (0.1%) as of around 2 p.m. EDT, though the Nasdaq (down 0.1%) pared back losses each index fell between 0.5% and 1% earlier in the day. A broader selloff earlier Monday was led by Tesla, whose shares have dropped by 2.7%, and declines for Apple (1.3%), Palantir (2.4%) and AMD (2.3%) pulled the tech-heavy Nasdaq in the negative. Other stocks like UnitedHealth (6.8%), Microsoft (0.9%), Merck (1%), and Visa (0.8%) throughout the day and boosted a rebound for each index. Yields for 30-year U.S. Treasury notes breached the 5% mark for the first time since April 9, shortly after President Donald Trump announced wide-reaching reciprocal tariffs on U.S. trade partners, while reaching its highest mark since October 2023, when the Federal Reserve attempted to stabilize inflation by sharply raising interest rates. Aside from the brief spike in October 2023, 30-year yields last touched 5% in 2007. Here’s Why 30-Year And 10-Year Treasury Yields Are Up—and What That Means An increase in yields for long-term Treasury notes tends to coincide with concerns among investors about the long-term effects of the growing national debt, which sits at $36.2 trillion as of May 15, according to the Treasury Department. In Moody’s announcement to cut the U.S.’ credit rating last week, the agency said its downgrade “reflects the increase over more than a decade in government debt,”…
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