US stocks open lower as traders digest credit downgrade

  • 📰 CNN
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

US markets open lower as investors react to a historic US credit rating downgrade. Follow live updates.

A view of the U.S. Capitol dome on May 16 in Washington, DC. Drew Angerer/Getty Images

Higher yields could mean costlier mortgage and loan payments for consumers, which could hurt consumer spending and the US economy. “S&P downgraded the sovereign rating in 2011 and while it had a meaningfully negative impact on sentiment, there was no apparent forced selling at that time,” they said in a research note Wednesday.are the largest foreign investors in American government debt. Together they own $2 trillion, which is more than a quarter of the $7.6 trillion in US Treasury securities held by foreign countries. There's no evidence they're about to start selling off their holdings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fitch downgrades US debt rating | CNN BusinessJUST IN: Credit rating agency Fitch has downgraded the US rating from its highest AAA rank to AA+
Source: CNN - 🏆 4. / 95 Read more »