2023-08-09 01:31
Wall St ends lower after bank rating cuts spark wider sell-off
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File photo 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 U.S. banks and the economy. After a five-month rally pushed the benchmark S&P 500 and Nasdaq Composite within 5 percent their lifetime highs, August has now recorded five losing sessions out of six.

https://business.inquirer.net/414892/wall-st-ends-lower-after-bank-rating-cuts-spark-wider-sell-off

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