Stock market news today: Indexes fall as Fitch downgrades US debt

In dropping its long-term rating for the US from AAA to AA+, the ratings agency pointed to the US's rising debts and complicated outlook for managing it amid political feuding in the capitol.

11th-hour deal to avoid a government default"There has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025," Fitch said in a statement.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Stock market news today: Indexes finish July with robust monthly gainsUS stocks rally late to finish July with robust month of gains
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market news today: Indexes open new month lowerUS stocks fall to begin new month after big rally in July
Source: BusinessInsider - 🏆 729. / 51 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 »

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 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 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 »