The US stock market experienced a downward trend on Friday, marking the end of a turbulent week. This decline was largely attributed to Fitch's decision to downgrade the U.S. ratings from its top AAA status, as well as the rollercoaster ride of government bond yields. Stock Performance The Dow Jones Industrial Average (DJIA) fell approximately 150 points, or 0.4%, ultimately … [Read more...] about US Stocks Close Lower After Fitch Downgrades U.S. Ratings and Bond Yields Enter Volatile Territory
US Stock Market
The Resilience of the U.S. Stock Market in 2023
Despite the surge in Treasury debt issuance and the subsequent drain of liquidity from financial markets, the U.S. stock market shows no signs of slowing down in its 2023 rally. According to FactSet data, the S&P 500 index has already gained approximately 19% year-to-date, while the Nasdaq Composite Index has skyrocketed by 37% and the Dow has seen a 6% increase. This … [Read more...] about The Resilience of the U.S. Stock Market in 2023
