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Investor's Business Daily on MSNDow Jones Strides Past U.S. Credit Downgrade; Nvidia Rises As Tesla FallsSure, yields rose while the U.S. dollar weakened. But major indexes held on to last week's hefty gains and moved slightly higher when it was all over. Please watch the video at In
Stock futures fell and Treasury yields soared on Monday as investors responded to news that a major ratings agency had downgraded its assessment of U.S. federal government debt.
US stocks managed to eke out gains on Monday as bond yields eased off bigger gains and Wall Street largely shrugged off Moody's downgrade of the US credit rating. Meanwhile, investors digested developments in President Trump's tariff salvos.
U.S. stocks settled mostly higher on Monday, with the Dow Jones index gaining more than 100 points during the session. Major indices recorded gains last week. For the week, the S&P 500 gained 5.3%, while the Dow added 3.4%. The Nasdaq Composite was the standout performer, surging 7.2% last week.
Live Updates Live Coverage Has Ended Markets Turn Positive 1:37 pm by The stock market has managed to crawl its way back into positive territory despite the U.S. debt downgrade by Moody’s. All three of the major stock market averages are now trading in the green,
U.S. stocks sank early Monday, with the S&P 500 dropping 1% at the open, the Nasdaq sliding 1.3%, and the Dow Jones Industrial Average down 297 points, or about 0.6%. The VIX spiked 13% and gold pushed higher,
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.
Dow Jones outperforms with help from health stocks; S&P500 and Nasdaq rally while Nvidia earnings loom next week.
By Caroline Valetkevitch and Samuel Indyk NEW YORK/LONDON (Reuters) -Longer-dated Treasury yields gained while global stock indexes and the dollar eased on Monday amid concerns about a U.S. tax bill and the U.