The Impact of Fitch's Downgrade of the US Debt Rating on the S&P 500

Fitch downgrades U.S. debt rating by one notch to 'AA' Information technology companies were among the hardest hit, with S&P falling 2.6%. CNN's John Defterios says there may be a silver lining in this for some of these high-rated companies. He says countries that are AAA rated don't have to spend as much on military sale and military spending like US does.