US financial news live updates: CPI announcement, August Social Security payments, SNAP benefits...
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2023-08-10 13:30
US financial news live updates: CPI announcement, August Social Security payments, SNAP benefits...
Wall St. ends lower after bank rating cuts spark wider sell-off All three major Wall Street benchmarks finished lower on Tuesday in a broad sell-off after the downgrading of several lenders by credit rating agency Moody's reignited fears about the health of US banks and the economy. After a five-month rally pushed the benchmark S&P 500 and Nasdaq Composite within 5% of their lifetime highs, August has now recorded five losing sessions out of six . The S&P is down 2% this month, with the Nasdaq dropping 3.

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