Stocks rebounded after an initial sell-off triggered by Moody’s decision to strip the American government of its top credit rating, with equities able to pair their earlier losses and the S&P 500 (+.09%) closing higher for the sixth straight day. This recovery came off the back of the Trump administration downplaying the downgrade and Bessent calling it a lagging indicator. Though volumes were somewhat muted on the SPX, the CCMP outperformed its 20-day while the INDU was down to little changed…
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