• Futures tied to the Dow Jones Industrial Average fell by 0.79%, the S&P 500 dipped 0.97%, and the Nasdaq 100 dropped 1.19%
• The yield on the 30-year US Treasury bond surged to 5.03%
• Gold prices crashed by more than 2% on Friday, but recovered by more than 1% today

A few days ago, Moody’s downgraded the US sovereign credit rating from Aaa to Aa1, which marked the first time in over a century that the US no longer holds a top-tier rating from any major credit agency. Driven by escalating national debt and persistent fiscal deficits, the decision has sent ripples through global financial markets, particularly in the United States.

For instance, US stock futures declined sharply following the downgrade, with futures tied to the Dow Jones Industrial Average falling by 0.79%, the S&P 500 dipping 0.97%, and the Nasdaq 100 dropping 1.19%.

The bond market was hit as well, where the yield on the 30-year US Treasury bond surged to 5.03%. This is the highest level since November 2023, indicating increased borrowing costs for the government.

Surprisingly, gold wasn’t spared either, with prices crashing by more than 2% on Friday. However, it started to recover a bit…

The post Moody’s Downgrade Sends Stocks, Treasury Yields, and Gold Tumbling appeared first on Coin Edition.

• Futures tied to the Dow Jones Industrial Average fell by 0.79%, the S&P 500 dipped 0.97%, and the Nasdaq 100 dropped 1.19%
• The yield on the 30-year US Treasury bond surged to 5.03%
• Gold prices crashed by more than 2% on Friday, but recovered by more than 1% today

A few days ago, Moody’s downgraded the US sovereign credit rating from Aaa to Aa1, which marked the first time in over a century that the US no longer holds a top-tier rating from any major credit agency. Driven by escalating national debt and persistent fiscal deficits, the decision has sent ripples through global financial markets, particularly in the United States.

For instance, US stock futures declined sharply following the downgrade, with futures tied to the Dow Jones Industrial Average falling by 0.79%, the S&P 500 dipping 0.97%, and the Nasdaq 100 dropping 1.19%.

The bond market was hit as well, where the yield on the 30-year US Treasury bond surged to 5.03%. This is the highest level since November 2023, indicating increased borrowing costs for the government.

Surprisingly, gold wasn’t spared either, with prices crashing by more than 2% on Friday. However, it started to recover a bit…

The post Moody’s Downgrade Sends Stocks, Treasury Yields, and Gold Tumbling appeared first on Coin Edition.