Stock market bounces back after Moody's downgrade of U.S. debt, indexes all positive.
From Barron’s.: 2025-05-19 13:22:00
The stock market rebounds after Moody’s downgrade of U.S. debt, with the S&P 500 up 0.2% and the Nasdaq Composite up 0.1%. The Dow rises 182 points, boosted by UnitedHealth Group, on track for a sixth consecutive day of gains.
Moody’s decision to cut U.S. sovereign debt rating caused initial market turmoil, with stocks tumbling and Treasury yields spiking. However, the market is now recovering, with stocks up and the 10-year Treasury note yield nearing flat at below 4.5%.
Read more: Stock Indexes All Positive as Investors Shake Off Moody’s Downgrade