The US stock market declined in late hours following a downgrade by Moody’s Ratings, citing concerns over the growing government debt. This move raised worries about the nation’s status as a global safe-haven for investors. The SPDR S&P 500 ETF Trust plummeted about 1% after close, while Treasury futures hit session lows. The market experienced its third consecutive week of losses, marking the longest streak this year.
Source: https://www.bloomberg.com/news/articles/2025-05-15/stock-market-today-dow-s-p-live-updates