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Author: admin | Category: Celtic Tattoo Designs | 11.01.2016

Live Stock Market, Wall Street stocks fell Monday morning in the first downgrade the credit rating of the United States, with the Dow Jones Industrial Average to plunge 380 points in morning trading.
Investors dumped stocks and fled to safe havens such as gold, which rose to record levels of more than 1,700 and ounce. Some highly rated states and cities are also waiting with bated breath to see if S & P cut their ratings because of their dependence on federal aid.
AAA to AA-plus shook the confidence of global investors, adding that he worries that the world’s largest economy may sink into a double-dip recession.

The unprecedented loss of the highest-ranking United States over the weekend seemed to do little to stop the political confrontation. Treasury was not affected by the cut and remains a destination for investors fleeing the mayhem in the stock market. Stock markets in Asia and Europe also took a beating and overnight, losing 2 to 3 percent of its value.
The rating agency noted that both income growth and far-reaching reforms in the aid programs such as Medicare, Medicaid and Social Security are needed for the U.S.

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