Market Open: Stocks Lower on Moody's Downgrade Of US Credit, Bond Yields Higher, Tax Bill Would Increase Deficit 5/19/25
CNBC Business News Update
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Wall Street Decline Following U.S. Credit Downgrade and Rising Bond Yields
This chapter examines the recent downturn of Wall Street indices like the S&P 500 and NASDAQ following Moody's credit downgrade of the U.S. It highlights investor reactions to rising bond yields, significant stock declines, particularly in major companies like Apple, and concerns over the U.S. deficit amidst tax legislation discussions.
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