Saturday, August 1, 2020

News: Fitch cuts US outlook to 'negative'

News: Fitch cuts US outlook to 'negative'The downgrade is due to the ongoing deterioration in the US public finances and the absence of a credible fiscal consolidation plan amid the COVID-19 pandemic, Fitch Ratings said in a statement.

from Economic Times https://ift.tt/3foroCq

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...