Stocks drop, Treasury yields edge up after Fitch downgrades US

Name: Stocks drop, Treasury yields edge up after Fitch downgrades US
Uploaded: 2023-08-03
Description: Global stocks slumped and Treasury yields rose as investors reacted to an unexpected downgrade of the United States' sovereign credit rating and strong private payrolls data, while the dollar gained ground. Despite the downgrade, investors remained relatively calm, with Wall Street's major indices declining around 1-2%.

Global stocks slumped and Treasury yields rose as investors reacted to an unexpected downgrade of the United States' sovereign credit rating and strong private payrolls data, while the dollar gained ground. Despite the downgrade, investors remained relatively calm, with Wall Street's major indices declining around 1-2%.

03/08/2023 03:01 MYT

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