Risk sentiment took a hit after Fitch downgraded the U.S. government’s credit rating to AA+ from AAA late Tuesday, citing likely fiscal deterioration over the next three years and repeated fraught debt ceiling negotiations.
Fitch became the second major rating agency after Standard & Poor’s move to strip the United States of its triple-A rating in 2011, but this decision brought a sharp response from the U.S. government, with Treasury Secretary Janet Yellen calling it"arbitrary and based on outdated data." After the initial losses, “markets will likely see it in a similar way especially in a week full of important data releases and with the next Federal Reserve rate hike hanging in the balance,” said analysts at ING, in a note.Strong earnings have largely helped stocks this reporting season, with around 82% of the S&P 500 companies having reported posting positive surprises, according to FactSet data.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Stock market outlook: New record for S&P 500 'feels inevitable'Why JPMorgan's trading desk says a new record high in the S&P 500 'feels inevitable'
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »