Dow Jones Industrial Average, Stocks and US debt
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U.S. stocks turned mostly higher despite Moody's trimming the US' credit rating. Treasury yields jump as investors demand more payout to hold US debt.
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,
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.
Wall Street experts share what they think will drive stock market gains for the second half of the year.
A dip in the stock market caused by the Moody’s downgrade of the U.S. debt should be bought, according to a once-pessimistic and now seemingly bullish strategist.
Local shares tumbled yesterday below the 6,400 level amid persisting negative sentiment following Moody’s credit rating downgrade of the US.
U.S. stock futures point to a lower open, a day after stocks made a comeback to close higher despite Moody's stripping the U.S. of its top AAA rating.
CNBC's 'Mad Money' host and veteran market commentator Jim Cramer has urged investors not to get nervous in the face of concerns like the Moody’s downgrade of U.S. debt . The U.S.'s rising debt stands at $36 trillion as of now.