Stocks Fall on US Downgrade by Moody’s Amid Rising Yields
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 … Read more