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Fitch Downgrade Likely To Weigh On Wall Street

Por: RTTNews Business August 02, 2023

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The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to add to the modest losses posted in the previous session.The downward momentum on Wall Street comes after credit rating agency Fitch Ratings unexpectedly downgraded the United States' credit rating.Fitch downgraded the U.S.' long-term foreign-currency issuer default rating to AA+ from AAA, citing a steady deterioration in standards of... + full article



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