From Yahoo Finance: 2025-05-19 04:28:00

U.S. stocks finished near unchanged as market sentiment weakened due to Moody’s downgrade of the federal government’s sovereign credit rating to “Aa1” from “Aaa” on Friday. The government’s $36 trillion outstanding debt and interest were cited as reasons for the downgrade. Despite this, the S&P 500 notched its sixth straight session of gains, with seven out of 11 sectors advancing. Energy stocks were the biggest losers while President Trump’s tax-cut bill won approval from a key congressional committee. Companies like TXNM Energy, Novavax, and Regeneron Pharmaceuticals saw stock movements after significant announcements. Benchmark 10-year Treasury yields rose on concerns about increased debt from the tax bill.



Read more at Yahoo Finance: Wall Street stocks finish flat with sentiment weakened by Moody’s downgrade