menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Wall Stree...
source image

Bloomberg Quint

1d

read

220

img
dot

Image Credit: Bloomberg Quint

Wall Street Strategists React To Moody’s US Credit Rating Cut

  • Moody's Ratings downgraded the US credit rating, leading to a decline in US stocks and a rise in Treasury yields.
  • The S&P 500 Index ETF fell by 1% post announcement to Aa1 from Aaa.
  • Fitch Ratings and S&P Global Ratings also graded the US economy below the triple-A position.
  • The risk of President Donald Trump's tariff regime adds to the economic uncertainty.
  • Wall Street professionals express caution as tariffs may impact business and consumer confidence.
  • Reacting to the news, experts predict caution in equity markets due to the US credit downgrade.
  • The downgrade may affect other countries' sovereign debt as US Treasury bonds are considered a benchmark.
  • Investors anticipate profit-taking in equities following the strong market rally.
  • The downgrade signals concerns about the US fiscal dysfunction and tariff risks.
  • The impact on stocks may be less severe compared to previous credit rating downgrades.

Read Full Article

like

13 Likes

For uninterrupted reading, download the app