Unexpected downgrade of US Treasury bonds, leading to a decline in stock prices, throwing cold water on economic optimism
After the surprise downgrade of US bonds, the market experienced risk aversion on the following day, with the US stock market witnessing a broad sell-off. The tech-heavy Nasdaq Composite Index dropped over 2% from the previous day, marking the largest decline in nearly 5 months. While concerns about US fiscal uncertainties are currently limited, the […]