Moody, America
Digest more
Investors sold stocks and bonds after Moody’s downgraded the U.S. credit rating, potentially complicating negotiations around Republicans’ tax plan.
Investors sold U.S. government bonds and the dollar on Monday amid concerns about the U.S. fiscal picture. Stocks edged higher.
After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other.
Moody’s gave the U.S. a negative outlook—but markets didn’t flinch. This isn’t about default. It’s about trust, and why credibility erosion is the real risk.
Wall Street's main indexes opened lower on Monday as Treasury yields rose after Moody's downgraded the U.S. sovereign rating, sharpening focus on its mounting debt. The Dow Jones Industrial Average fell 111.
Wall Street is on edge about American investments again after receiving a significant warning about the safest of all safe havens: US debt.