US #stocks, #bonds & the value of the #USdollar are drifting lower following the latest reminder that the US govt seems to be hurtling toward an unsustainable mountain of #debt under #Trump.
The S&P 500 dipped 0.4% after #Moodys Ratings became the last of the 3 major #credit-rating agencies to say the US federal govt no longer deserves a top-tier “Aaa” rating. The #DowJones was down 55 points, or 0.1%, as of 11AM ET, & the #Nasdaq composite was 0.6% lower.
#economy
https://apnews.com/article/stocks-markets-moodys-trump-china-aff14c914fa270f72bc6ddac9f82e8fd