Trading downgrade of U.S. credit rating
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Wall Street's major indexes trade mixed on Monday after Moody’s Ratings downgraded the United States' last remaining top-tier credit rating, raising fresh concerns about the nation's fiscal outlook and debt management.
The Dow Jones Industrial Average (DJIA) gained ground to kick off the new trading week, touching 42,800 for the first time in eight weeks as markets continue to push equity markets back into the high end following this year’s tariff-fueled stock rout.
The Dow was beating the other major indexes on a mixed day for the broader market with some help from UnitedHealth Group. With the Dow up 85 points, or 0.2%, UnitedHealth’s 7.9% gain tacked on 141 points to the Dow on Monday.
Soft inflation data lifted major U.S. stock indexes Tuesday, except for one notable exception: the Dow Jones Industrial Average, the blue-chip index that for many is synonymous with “the stock market.
U.S. stocks soared Monday as investors celebrated major progress on a U.S.-China trade deal. The Dow added over 1,100 points, exiting correction territory, while the Nasdaq Composite began a fresh bull market.
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Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
The Dow Jones Industrial Average accelerated its gains on Friday, in the process erasing its 2025 year-to-date losses, according to FactSet data, at last check The Dow was up around 231 points, or 0.6%,