The stock market is experiencing downturns following a downgrade of U.S. debt by Moody's from Aa2 to Aa1, attributed to budget deficits and high interest rates. This comes after a positive week in which the S&P 500 saw a 5% increase, driven by favorable U.S.-China trade developments. The downgrade has led to a rise in Treasury yields, specifically the 30-year Treasury exceeding 5%. Despite the downturn, President Trump has asserted global confidence in the U.S. economy. Major sectors, particularly technology stocks, are seeing declines.
Today's stock market is under pressure following a credit rating downgrade of U.S. debt by Moody's, reflecting concerns about the budget deficit and high interest rates.
Moody's downgrade of U.S. debt from Aa2 to Aa1, coupled with rising Treasury yields, has contributed to the stock market's downturn after a week of gains.
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