Dow recovers from morning lows, indices nearly flat despite U.S. debt downgrade
Crypto NewsMonday, May 19, 2025 at 2:08:01 PM
Stocks took a hit early Monday after Moody's downgraded the U.S. credit rating, spooking investors. The S&P 500 and Nasdaq both dropped at the open, but the market clawed back most of those losses by midday—suggesting traders aren’t panicking (yet) about the downgrade.
What This Means: Credit rating downgrades sound scary, but this one didn’t trigger a full-blown sell-off. The rebound hints that Wall Street might see this as more of a political headache than an economic crisis—for now. Still, it’s a reminder that debt and deficits are becoming harder to ignore.
— Curated via WP Now’s AI editorial system
