Stock indexes down due to US credit rating downgrade, tech and chip stocks declining

From Nasdaq: 2025-05-19 13:05:00

Stock indexes are down today, with the S&P 500, Dow Jones, and Nasdaq all in the red. Moody’s downgrade of the US credit rating led to T-note yield jumps and a weaker dollar. The ratio of US public debt to the economy has risen significantly. Economic indicators show a bearish trend.

Fed policymakers are cautious about rate changes, waiting for more data. Markets await tariff news and trade deals this week. Earnings reports show positive results. Overseas markets are mostly lower. Interest rates are under pressure, with T-notes falling and ECB considering rate cuts.

Tech and chip stocks are down, with Tesla, Apple, and Reddit leading the decline. Gold mining and health insurance stocks are up. Earnings reports for the day include companies like 8×8 Inc and AutoZone. Analyst upgrades and downgrades impact various stocks positively and negatively.



Read more at Nasdaq: Stocks Pressured by US Credit Rating Downgrade