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Stocks, bonds and the dollar drift after the latest downgrade to the U.S. government’s credit rating

NEW YORK (AP) — After recovering from an initial jolt, U.S. stocks, bonds and the value of the U.S. dollar drifted through a quiet Monday following the latest reminder that the U.S government may be hurtling toward an unsustainable mountain of debt. The S&P 500 edged up by 0.1% after Moody’s Ratings became the last of the three major credit-rating agencies to say the U.S. federal government no longer deserves a top-tier “Aaa” rating. The Dow Jones Industrial Average added 137 points, or 0.3%, and the Nasdaq composite inched up by less than 0.`%. Moody’s pointed to how the ...

S&P economists say 90-day trade pact with China brings limited relief

(The Center Square) — A top credit-rating agency said the short-term deal the U.S. struck with China on trade is a positive sign, but only temporary. “The U.S.-China tariff reduction improves our macroeconomic outlook,” said Paul Gruenwald, global chief economist at S&P Global Ratings. “This reflects a combination of factors including the direct effects of lower bilateral tariffs on the world’s two largest economies, a reduction — though not elimination — of policy uncertainty, more buoyant asset prices, and some reopening of previously frozen markets.” China and the ...

Wall Street drifts back within 4% of its record after the S&P 500 notches a 4th straight gain

NEW YORK (AP) — Most U.S. stocks drifted higher in quiet trading Thursday following a jumble of mixedreports that offered little clarity on how the U.S. economy is managing through President Donald Trump’s trade war. The S&P 500 rose 0.4%, enough to extend its winning streak to a fourth day and to pull within 3.7% of its all-time high set earlier this year. The Dow Jones Industrial Average added 271 points, or 0.6%, and the Nasdaq composite slipped 0.2%. Stocks got a lift from easing Treasury yields in the bond market. They fell after the economic reports suggested the Federal ...

Stocks end mixed on Wall Street, holding on to most of the gains they made earlier in the week

(AP) — Stocks are wavering on Wall Street and holding on to most of the gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war. The S&P 500 was mostly unchanged Wednesday afternoon. The Dow Jones Industrial Average fell 68 points, or 0.2% as of 2:57 p.m. Eastern. The Nasdaq rose 0.6%. The majority of stocks in the S&P 500 lost ground, but several big technology stocks helped counter the losses. Super Micro Computer surged 16.8% after signing a partnership agreement with Saudi Arabian data center company DataVolt. Advanced ...

Wall Street rises again as the S&P 500 erases its loss for 2025

NEW YORK (AP) — Most U.S. stocks rose Tuesday following an encouraging report that showed inflation unexpectedly slowed across the country last month. The S&P 500 climbed 0.7%, coming off an even bigger gain to start the week after the United States and China announced a 90-day pause in their trade war to allow for negotiations. The Dow Jones Industrial Average fell 269 points, or 0.6%, and the Nasdaq composite jumped 1.6% as AI and other tech stocks led the way. Stocks have been roaring back since the S&P 500 fell nearly 20% below its record last month on hopes that President ...