Moody’s downgrades U.S. credit rating
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An economist explains why the recent credit rating downgrades for major U.S. banks might not carry a big impact.
The US already lost its top credit rating from S&P in 2011 ... Reddit (RDDT) is down more than -4% after Wells Fargo Securities downgraded the stock to equal weight from overweight.
Nasdaq 100 drops as Moody’s US credit downgrade lifts yields; tech stocks like Tesla, Apple, and Palantir lead losses in a cautious stock market.