Tag: Debt Downgrade

Stocks Raise White Flag to Bad News – Weekly Update

August 7, 2023 | By Steven DiGregorio

Stocks retreated last week as bond yields increased following the Treasury’s announcement indicating “a larger-than-expected funding need” and a downgrade in the federal government’s debt rating. The Dow Jones Industrial Average dropped 1.11%, while the Standard & Poor’s 500 shed 2.27%. The Nasdaq Composite index lost 2.85% for the week. The MSCI EAFE index, which […] READ MORE