US EditionUS stocks, bonds and the dollar slip after the latest downgrade to the US government’s credit rating
- Moody's downgraded the United States credit rating from AAA for the first time since 1917 on Friday evening, citing debt levels and budget disputes.
- The downgrade followed years of rising US debt, now at 123% debt-to-GDP, and Washington's refusal to resolve budget deficits amid trade-related market fears.
- After the downgrade, futures for US equities dropped considerably, with the Dow futures decreasing by 350 points and the S&P 500 futures declining by 1%, while gold prices increased by 1.4% to reach $3,232 per ounce.
- Treasury Secretary Scott Bessent dismissed the downgrade as based on outdated data and warned that tariffs could rise to 50% if trade negotiations fail, stating, "you will ratchet back up to your April 2 level."
- The downgrade may escalate market volatility and highlight warnings about America’s growing debt burden and fiscal challenges, potentially affecting future economic policies.
172 Articles
172 Articles
U.S. stocks inch higher despite credit rating downgrade
NEW YORK, May 19 (Xinhua) -- U.S. stocks were little changed on Monday, as markets reacted to mounting concerns over the country's fiscal outlook following a credit rating downgrade and the advancement of a controversial tax-and-spending bill. Read full story
Stocks, bonds and dollar drift after latest downgrade to the US government's credit rating
After recovering from an initial jolt, U.S. stocks drifted through quiet trading following the latest reminder that the U.S government may be hurtling toward an unsustainable mountain of debt. The S&P 500 rose 0.1% Monday after Moody’s Ratings became the…
Stocks, bonds and the dollar drift after the latest downgrade to the US's credit rating
NEW YORK — After recovering from an initial jolt, U.S. stocks, bonds and the value of the U.S. dollar drifted through a quiet May 19 trading session following the latest reminder that the U.S government may be hurtling toward an…
Stocks Bounce Back From US Credit Rating Downgrade
After recovering from an initial jolt, stocks, bonds, and the value of the US dollar drifted through a quiet Monday following the latest reminder that the US government may be hurtling toward an unsustainable mountain of debt. The S&P 500 rose 5.22 points, or 0.1%, to 5,963....
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