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Stock market today: Dow, S&P 500, Nasdaq slide after Moody's downgrades US credit rating
US stocks took a hit on Monday while Treasury yields rose as Wall Street processed Moody's downgrade of the US credit rating alongside developments in President Trump's tariff salvos. Moody’s cut the US government’s long-term credit rating from AAA to AA1 late Friday,
The US government lost its last triple-A credit score from a major international ratings firm after a downgrade by Moody’s ...
The Moody's announcement follows similar actions from Fitch and S&P in recent years and could result in higher borrowing costs.
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