After the opening, the star index, the Dow Jones industrialist, lost 0.53%, the Nasdaq, with a strong technological component, fell 0.82%, while the expanded S&P 500 index -main benchmark for investors- lost 0, 58%
In Monday’s trading, Wall Street rose after weekly losses in early August as investors focused on the latest business results: the Dow rose 1.16%, the Nasdaq rose 0.61% and the S&P 500 rose. 0.90%.
walls street ended lower on Friday: the Dow lost 0.43%, the Nasdaq fell 0.36% and the S&P 500 lost 0.53%.
Ratings agency Fitch downgraded the US debt rating from AAA to AA+ by one notch this week due to “governance erosion” following repeated political crises over the country’s debt issuance limit.
Several US banks have received a lower rating than they had, which is very likely that this move will cause the stock market to fall considerably.
The shock lasted for the rest of the week, sending Wall Street red for several days, a trend that appears to be continuing this week with oil prices approaching $90 a barrel.
