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Kiplinger
Kiplinger
Business
David Dittman

Stock Market Today: Markets Discount Another U.S. Downgrade

Stocks mixed red green candlesticks.

Stocks gapped down at Monday's opening bell but resumed their recent historic recovery of the long-term up-and-to-the-right trend as investors, traders and speculators digested Moody's decision to cut its sovereign credit rating on U.S. government debt.

On Friday, Moody's became the third credit rating agency (CRA) to cut its rating on U.S. debt, from Aaa to Aa1.

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