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Fitch downgraded U.S. debt, and the stock market slid. Here's what it means.

Por: CBS News Politics August 03, 2023

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America's sovereign debt is considered the gold standard by investors and nations across the globe, with Treasuries viewed as a source of safe and stable returns. But on Tuesday, that sense of security was shaken when credit agency Fitch Ratings from its highest level. The decision roiled markets on Wednesday, with the Dow falling almost 1% and the tech-heavy Nasdaq shedding about 2% of its value. Treasury prices also fell on the... + full article



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