US stocks end higher, shrugging off Moody’s downgrade

US stocks end higher, shrugging off Moody’s downgrade

The Dow Jones Industrial Average finished up 0.3 per cent at 42,792.07. Read more at straitstimes.com.

U.S. stocks close higher

NEW YORK, May 19 (Xinhua) -- U.S. stocks ended higher on Monday. Read full story

World Markets Shrug off US Credit Rating Downgrade

Over the weekend, Moody’s cut its rating on US debt to Aa1 from AAA, and on Monday, markets showed resilience in the face of this news. US stock markets finished flat to up 0.2%, clawing back early losses. The US 10-year treasury note yield rallied up to 5.00% then settled back toward 4.45% where it finished last week. This morning, US index futures are trading flat to down 0.3%, though we have seen several soft starts during the current market …

ASX Market Open: Local bourse set to rise after US panic melts away

Good Morning and welcome to HotCopper’s Market Open, I’m Jon Davidson. The local bourse is set to rise after Wall Street overnight largely shrugged off panic borne from Moody’s credit downgrade for the US over the weekend. Only the Russell 2000 ended in the red, Wall Street’s smallcap index, while the S&P and NASDAQ both jumped, though ended flattish green. ASX futures, in turn, were up around +0.75% heading into morning trades. Looking at forex…

The downgrade of the US did not scare investors on Wall Street: – There is no surprise here.

The US stock market ended mixed and uneventful after another downgrade of the US economy. HSBC sees buying opportunities, unless interest rates enter the "danger zone".