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.

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