Dow Jones Industrial Average, Moody and Stocks
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U.S. stocks open lower after Moody's stripped the U.S. of its top credit rating. Treasury yields jump as investors demand more payout to hold US debt.
US stocks managed to eke out gains on Monday as bond yields eased off bigger gains and Wall Street largely shrugged off Moody's downgrade of the US credit rating. Meanwhile, investors digested developments in President Trump's tariff salvos.
For a minute there, it looked like the “Sell America” trade was poised to make a comeback on Monday after Moody’s decided to strip the U.S. of its top-tier credit rating late Friday.
U.S. stock futures pointed to slight losses early on Tuesday after eking out gains the previous day. The market looks to have largely shrugged off the latest downgrade of the U.S.’s credit rating and is looking for a new catalyst.
Why isn’t Moody’s U.S. credit rating downgrade weighing more heavily on stocks today? Plenty of investors saw it coming. “The Moody's downgrade of U.S. debt doesn't tell investors anything they don't