Stock Market News Today: Sell-off continues after Fitch debt downgrade

US stocks fell further on Thursday as bond yields continued to climb following Fitch's US credit downgrade earlier this week.from the top-tier AAA score to AA+ late Tuesday. The 10-year Treasury yield rose further above the 4% level as bond prices slumped.

Larry Summers, Warren Buffett, and Jamie Dimon"Fitch's downgrade reflects a reality that investors have already learned to accept so, while today's equity market response was negative, it does not add anything new to the discussion," DataTrek co-founder Nicholas Colas said in a note Thursday morning."US equity markets are already on unsteady ground and could continue to be so for another month or two. We should not therefore be too surprised at today's price action.

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.

Stock Market News: Fitch downgrades U.S., stocks sink, ADP adds 324,000 jobsStocks fell after Fitch Ratings cut the U.S. credit rating citing heavy debt and a weak fiscal position, ADP private employers added 324,000 jobs in July ahead of Friday’s government report, the Mega Millions jackpot soars past $1 billion after no winner and AMD teases a chip made especially for China. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stock market news today: Indexes fall as Fitch downgrades US debtStocks fall as Fitch's downgrade of US debt rating rattles confidence
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock Market News Today: Dow drops 350 points after Fitch downgradeUS stocks fall as Dow sheds nearly 350 points after Fitch credit-rating downgrade
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock futures slide after Fitch's U.S. downgrade sours the market moodU.S. stock futures stumbled after markets were rattled by a downgrade to the U.S. government's credit rating.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Dow Futures Fall After Fitch Downgrades U.S.Stock futures and global equities point to markets extending a selloff after Fitch downgraded the U.S.'s credit rating, and as investors continue to parse earnings reports. Follow our live analysis:
Source: WSJ - 🏆 98. / 63 Read more »

Stock market news today: Indexes mixed amid earnings, economic dataUS stocks trade mixed amid earnings rush and fresh economic data
Source: BusinessInsider - 🏆 729. / 51 Read more »