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The Latest Breaking News from Fitch

Fitch Ratings Downgrades US Credit Rating Amid Governance Concerns

Deterioration in governance and political polarization cited as factors in the unexpected move.

Zenger

Dow Reverses Higher As Apple Earnings Loom; Warren Buffett Stock Rises On Earnings

Dow Jones fell in the first hour of trading. OXY fell after earnings as Warren Buffett loaded up on Treasuries amid Fitch's downgrade, surging yields.

Investors Business Daily

Two Titans of Wall Street Just Blasted the Fitch Downgrade

Fitch lowered the U.S. pristine AAA rating thanks to months of political infighting about raising the debt ceiling.

The Street

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Wall Street Is Watching This Key Signal to Confirm Powell's Soft Landing Hopes

The Fitch US downgrade has highlighted a key portion of the bond market that could finally confirm hopes of a 'soft landing' for the world's biggest economy.

The Street

Stock Futures Retreat As Tech Earnings Loom Amid Ratings Downgrade And Yield Spike

Caution prevails as Fitch's U.S. ratings downgrade and rising Treasury yields impact market sentiment.

Zenger

JPMorgan CEO Jamie Dimon complains that downgrading U.S. credit rating doesn’t make sense when so many countries rely on Washington for security

America recently lost its triple-A credit score with Fitch Ratings for the second time in the nation’s history.

Fortune

Stocks Slip, Treasury Yields Rise, Apple, Amazon, PayPal, Qualcomm

Stock futures slip, Treasury yields extend surge from Fitch fallout; Apple earnings in focus as smartphone demand weakens; Amazon earnings to highlight consumer spending, AT trends; PayPal slumps as margin pressures cloud earnings, outlook and Qualcomm tumbles on muted smartphone chip forecast.

The Street

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Stock market today: Asia mixed after the US government's credit rating was cut

Asian stock markets are mixed after Fitch Ratings cut the U.S. government’s credit rating

The Independent UK

Yellen Criticizes Fitch’s Credit Downgrade, Defends Strong US Economy

Treasury Secretary questions Fitch's assessment, highlights robust economic recovery

Zenger

Cryptocurrency Market Plunges As Investors Shrug Off Macro Events

Current market trend may change if the SEC approves any of the spot Bitcoin ETF applications submitted in mid-June.‌

Zenger

Here's why top economists are calling Fitch's decision to downgrade America's credit rating 'bizarre and inept'

“The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance," Fitch Ratings said.

Fortune

Fitch just downgraded the U.S. credit rating — how much does it matter?

The U.S. is no longer rated at the top-notch AAA by Fitch. Here's what credit ratings are, and why they (mostly) matter.

WEKU

The US government's debt has been downgraded. Here's what to know

Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness, a move that contributed to sharply lower stock prices in Wednesday trading

The Independent UK

Don't Sweat The U.S. Credit Rating Downgrade As S&P 500 Slides

The S&P 500 fell after Fitch downgraded the U.S. credit rating, but higher 10-year Treasury yields may aid a soft landing for the U.S. economy.

Investors Business Daily

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Investors Business Daily

All Major Indexes Post Losses As Nasdaq Loses Over 2%; This Networking Stock Pops To Buck The Trend

The stock market felt pain across the board as the Nasdaq sank over 2% and fell below its 21-day moving average. Generac stock lost over 24%.

Investors Business Daily

These Are Three Earnings Winners Amid Market Sell-Off

A Fitch downgrade of U.S. debt weighed on investor sentiment. But Aflac and Emerson broke out on earnings while Bunge popped.

Kiplinger

Why Investors Needn't Worry About U.S. Credit Downgrade

The United States saw its credit rating downgraded for just the second time in history, but experts aren't worried about the long-term damage to stocks.

The Guardian - US

‘Erosion of governance’ led Fitch to downgrade US credit rating

Trump’s efforts to overturn election and political polarization led agency to decision, says senior director

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Investors Business Daily

Stock Market Losses Deepen At Midday As Nasdaq Tumbles 2.3%; These Stocks Are Damaged

The Nasdaq composite is now testing its 21-day exponential moving average and the 14,000 level.

Evening Standard

Times are tough, but the doomsters’ predictions have been wrong so far

City Comment: If you had believed the mainstream forecasters, we would already be in recession

The Street

Fitch Ratings Bizarre and Inept US Downgrade Ignores One Key Fact

Fitch Ratings cut its triple-A credit grade for U.S. debt late Tuesday. But it forgot to consider one inescapable fact.

Investors Business Daily

Dow Jones Slides 225 Points On U.S. Debt Downgrade, Strong Jobs Data

The Dow Jones Industrial Average slid 225 points Wednesday after Fitch downgraded the U.S.'s debt rating. ADP's jobs data was strong. AMD stock sold off on earnings.

WEKU

Up First briefing: Trump's 3rd indictment; U.S. loses AAA rating; heat and the brain

Donald Trump is indicted on felony charges related to efforts to overturn the 2020 election. Fitch Ratings downgrades the U.S. credit rating. This is your brain on heat.

The Guardian - UK

First Thing: Donald Trump faces four charges over efforts to overturn 2020 election

Latest criminal case before ex-president has come weeks after he was charged with retaining national defense information. Plus, experts warn of record US deaths from extreme heat

The Street

Stocks Slump, Fitch U.S. Downgrade, AMD, Starbucks, CVS Health

Stock futures slump as markets react to Fitch Ratings U.S. downgrade; Treasury Secretary Yellen calls Ftch downgrade 'arbitrary'; AMD shares higher after Q2 earnings highlight AI ramp; Starbucks lower after Q3 sales miss Wall Street forecasts and CVS earnings on deck amid healthcare insurance payout concern.

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