Stocks Brush Off Moody’s Downgrade to Finish Higher
From Nasdaq: 2025-05-19 16:29:00
Stocks showed resilience today, bouncing back from a Moody’s downgrade to end higher. The Dow gained 137 points, the S&P 500 and Nasdaq finished in positive territory, and the Cboe Volatility Index (VIX) saw its biggest gain since April 21. Analysts are concerned about a social media stock facing AI headwinds, while call traders remain optimistic about struggling SMCI. Airline stocks received upgrades, social media stocks are in focus, and Novavax stock surged on FDA approval for a Covid vaccine. Mortgage rates rose above 7%, foreign holdings in U.S. treasuries hit a record high, and safe-haven assets like gold saw gains amid stalled U.S.-Iran talks.
Read more at Nasdaq: Stocks Brush Off Moody’s Downgrade to Finish Higher