Stock Futures Falter as U.S. Credit Downgrade in Focus
Futures on the New York Stock Exchange slipped on Monday morning as investors remained focused on the latest decision by credit ratings agency Moody's to downgrade the U.S. from "stable" to "negative" given the government's debt situation worsens due to high-interest rates.
Contracts on the...
Moody’s Lowers U.S. Credit Rating to Negative
Ratings agency Moody's decided to lower its outlook on the U.S. credit rating from "stable" to "negative" as federal spending contributes to a larger fiscal deficit. A rise in government spending rocked investors' confidence, leading to a government bond selloff that took their prices...