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U.S. stocks closed higher after an unsurprising US credit rating downgrade. Treasury yields rise. S&P 500 extends winning streak to six days.
U.S. stocks fell as momentum slowed for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year. The S&P 500 lost 0.4% Tuesday, its first drop in seven days.
The US indices have all shown signs of strength over the last 24 hours, and despite the fact that we are overbought in general, the reality is that when these indices pull back, there are buyers willing to step in and pick up ‘value.
US stock markets opened sharply lower on Monday after Moody’s downgraded the country’s sovereign credit rating, citing concerns over escalating federa
Investors will get the first chance to react to Moody’s downgrade of the U.S. credit rating late Friday over rising government debt and they’ll also look for more progress from President Trump on trade deals as the week kicks off.
The S&P 500 rose for a fourth consecutive session on Thursday (May 15), buoyed by easing trade tensions between the US and China after both sides agreed to temporarily cut tariff rates. A dip in Treasury yields also provided support to equities.
7don MSN
Stocks rallied Monday after China and the United States announced a 90-day truce in their trade war. Each of the world’s two largest economies agreed to take down temporarily most of its tariffs against the other,
U.S. stocks soared Monday as investors celebrated major progress on a U.S.-China trade deal. The Dow added over 1,100 points, exiting correction territory, while the Nasdaq Composite began a fresh bull market.
A deal with China is a relief to investors who worried 145% tariffs would severely limit trade, raise prices and hurt the US economy.
Futures on Wall Street are currently pointing to a negative start to Tuesday's trading session, even as investors brushed aside concerns arising from the Moody's downgrade. Monday's session saw the resultant gap-down from the downgrade being swiftly bought into,