May. 20 at 12:32 PM
U.S. stock markets were slightly higher on Monday, paring earlier losses, despite credit rating firm
$MCO downgrading U.S. sovereign debt & a tax bill that would worsen the country's fiscal picture, by adding trillions more to the national debt over the next decade. The debt downgrade pressured bond prices & sent Treasury yields higher at a time when the economy is already awaiting the full impact of President Trump’s unfolding tariff policy. The U.S. dollar weakened further.
$DJIA +0.32% (+137.33) at 42,792.07,
$SPX +0.09% (+5.22) at 5,963.60, up for a 6th session.
$COMPQ +0.02% (+4.36) at 19,215.46.
