The stock market rallied as Wall Street shrugged off concerns, with the S&P 500 scoring its second straight weekly gain and ending up +1.3%. The Dow also ended up +0.7%, the Nasdaq ended up +2.3%, while the Russell 2000 ended down -3.1%. US stocks soared, boosted by heavyweight tech and growth stocks, while Treasury yields stabilized. Moody's shifted the US credit rating outlook to negative, affecting the Federal Reserve's ability to lower rates. This move drew displeasure from Washington. House Speaker Mike Johnson proposed a 'laddered CR' plan, a two-step measure to avert a government shutdown next week, excluding aid to Israel and Ukraine. Despite this, the US still faces the risk of a shutdown. The stock futures tumbled after Moody's downgraded the US credit outlook, changing the outlook on United States' ratings to negative.
STOCKS GAIN, BONDS CALM AS FED OUTLOOK TRUMPS MOODY'S DOWNGRADE(Reuters) Stocks in Asia rose while Treasuries and the dollar kept their composure, as investors took their lead from Wall Street's Friday rally, shrugging off a Moody's downgrade to the U.S. credit outlook. https://t.co/RwPtBoYejJ
The US still faces a risk of a government shutdown at the end of this week despite a new compromise plan by Speaker Mike Johnson that leaves out hardline conservative priorities like cutting spending and curtailing migration https://t.co/kcQmUpLXgs
⚠️BREAKING: *U.S. STOCK FUTURES TUMBLE TO START THE WEEK AFTER MOODY'S DOWNGRADES US CREDIT OUTLOOK $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸 https://t.co/z3KTg4kz6L
Futures weak after Moody's cut outlook on US debt to "negative" https://t.co/5tui8le1RZ
⚠️ STOCKS GAIN, BONDS CALM AS FED OUTLOOK TRUMPS MOODY'S DOWNGRADE Full Story → https://t.co/F6ngKq2MZH https://t.co/KgCjVz8Pe1
FUTURES UPDATES S&P 500 DOWN 0.3% 📉 NASDAQ 100 DOWN 0.3% 📉 DOW JONES DOWN 0.2% 📉 https://t.co/A56Jupvyus
FUTURES UPDATES S&P 500 DOWN 0.3% 📉 NASDAQ 100 UP 0.3% 📉 DOW JONES UP 0.2% 📉 https://t.co/NUV8EkVtBb
The US still faces a risk of a government shutdown at the end of this week despite a new compromise plan by Speaker Mike Johnson that leaves out hardline conservative priorities like cutting spending and curtailing migration https://t.co/fkKrs2qNxR
Stock futures are little changed after Moody’s downgrades U.S. outlook: Live updates https://t.co/SJQSzYgVZu
On Friday, Moody's changed the outlook on United States' ratings to negative from stable. Do you agree with Moody's ratings change?
BREAKING: House Speaker Mike Johnson has introduced a bill to temporarily fund the southern border, American transport, energy, and military construction, excluding aid to Ukraine and Israel.
Lawmakers Have Just Days to Avert Federal Shutdown https://t.co/tI8vnk03wi
Sen. Chris Murphy (D-Conn.) called House Speaker Mike Johnson's (R-La.) stopgap funding plan "gimmicky" on Sunday but expressed his openness to listen to the House, which he dubbed a "political dumpster fire." https://t.co/3zQrsJjhqp
Sen. Murphy says Johnson’s "laddered" stopgap funding plan "looks gimmicky" https://t.co/3pXVbsOw1j https://t.co/9lgKl2Snm8
Speaker Mike Johnson Unveils ‘Two-Part’ Continuing Resolution to Prevent Government Shutdown via @gatewaypundit https://t.co/25Qibh6X3z
*MOODY'S CHANGES U.S. RATINGS OUTLOOK TO NEGATIVE AS HOUSE REPUBLICANS UNVEIL PLAN TO AVERT GOVERNMENT SHUTDOWN NEXT WEEK https://t.co/UEMQgUqhBr 👈 🇺🇸🇺🇸 https://t.co/yNOVicdNr8 https://t.co/dwdPGqiVCJ
Speaker Johnson moves on two-step stopgap to avoid shutdown https://t.co/gGPc8hCdxW
Speaker Johnson moves on two-step stopgap to avoid shutdown https://t.co/QdPsZeP0uD
⚠️WALL STREET 2023 PERFORMANCE: ✅ DOW IS UP +3.4% ✅ S&P 500 IS UP +15% ✅ NASDAQ IS UP +31.8% 🔴 RUSSELL 2000 IS DOWN -3.2% https://t.co/k4iIIBt9SG 👈 $DIA $SPY $QQQ $IWM 🇺🇸 🇺🇸 https://t.co/2LCUabLOWP https://t.co/qu3ZJ4ZWJk
Speaker Johnson moves on two-step stopgap to avoid shutdown https://t.co/T5eSpcHi0g
Speaker of US House of Representatives proposes draft bill to avoid shutdown without aid to Israel and Ukraine https://t.co/OZVgoSXwlz
The Speaker of the US House of Representatives, Republican Mike Johnson, has introduced a bill to temporarily continue funding the federal government in isolation from aid to Israel and Ukraine , reports The Hill. 🔺The White House rejected the project of financing the work of… https://t.co/1ZQOdrZEnd
*U.S. HOUSE REPUBLICANS FLOAT TWO-STEP MEASURE TO AVERT A GOVERNMENT SHUTDOWN NEXT WEEK https://t.co/y9USdgvjL3 👈 🇺🇸🇺🇸 https://t.co/NNpYyAtRQ7
Speaker Johnson moves on two-step stopgap to avoid shutdown https://t.co/FwimQoXkW5
Speaker Johnson moves on two-step stopgap to avoid shutdown https://t.co/G3Sgv0GfY2
⚡️AP: Proposed US funding bill excludes Ukraine aid as political battle looms. U.S. House Speaker Mike Johnson revealed on Nov. 11 a new proposal to keep the federal government open, a plan which excludes additional funding for Ukraine, AP reported.
Moody's Marks U.S. Credit Negative; Biden Administration Challenges View - #Economics https://t.co/7OxEqae4Q3
White House reacts to Speaker’s "extreme" stopgap funding bill https://t.co/gzgWmDMy2g
Speaker Johnson moves on two-step stopgap to avoid shutdown https://t.co/0fE2OqNGnL
Speaker Johnson moves on two-step stopgap to avoid shutdown https://t.co/CJ1fX9OTuU
JUST IN: Speaker Johnson moves on two-step stopgap to avoid shutdown https://t.co/Pdt2aeRN2c
#BREAKING: Speaker Johnson moves on two-step stopgap to avoid shutdown https://t.co/5uustLu21F
Speaker Johnson on the "laddered" (stepstool?) CR plan with some funding running out Jan 19 and other funding running out on Feb 2: https://t.co/QgYMJKzpUA
Johnson Proposes Two-Step Spending Stopgap To January-February First Part Of GOP House Stopgap Plan Runs To Jan. 19 Second Part Of GOP House Stopgap Plan Runs To Feb. 2
House Republicans are pursuing a two-step plan for funding the government, three sources familiar with the matter told CNN, as Congress barrels toward another spending deadline next Friday https://t.co/F2aKUZSNdV
Text of Johnson’s interirm spending plan to avert a shutdown: https://t.co/UotRKVLEWA
1) House Republicans announce a “laddered” CR to try to avoid a government shutdown next week This is a multi-step approach.
Here’s Why Moody’s ‘Negative’ U.S. Credit Outlook Matters https://t.co/SG5cOcRMyZ https://t.co/4cwwAJGt8l
Wall Street’s main indexes ended with big gains, boosted by tech giants and growth stocks as Treasury yields calmed even after Federal Reserve Chair Jerome Powell cautioned that tighter monetary policy might be needed to tame inflation https://t.co/QlDupxjj8D https://t.co/ARJwwPLFCn
Wall Street’s main indexes ended with big gains, boosted by tech giants and growth stocks as Treasury yields calmed even after Federal Reserve Chair Jerome Powell cautioned that tighter monetary policy might be needed to tame inflation https://t.co/07qjOdMp8z https://t.co/VEVcLaX6pj
Every sector was up yesterday in the relief rally before the US debt downgrade https://t.co/TYNUh2KmQe
Moody's Downgrades US Credit Rating to 'Negative' on Fiscal Deficits and Debt Concerns - #Economics https://t.co/7OxEqae4Q3
House GOPers move conference call with Speaker Johnson about his plan to avoid a shutdown next week to 3 pm et. Had been scheduled for 11 am et today
*MOODY'S TURNS NEGATIVE ON U.S. CREDIT RATING, DRAWS WASHINGTON IRE https://t.co/wfjgRkXfk4 👈 🇺🇸🇺🇸 https://t.co/mPITJSoUZO
Moody's changes outlook on United States' ratings to negative, affirms Aaa ratings "For a reserve currency country like the US, debt affordability - more than the debt burden - determines fiscal strength." https://t.co/6q98O1S5si https://t.co/zDeF2h8YNJ
US government shutdown fight puts new Israel and Ukraine aid in doubt via @FT https://t.co/GpMhNVXXJT
Wall Street's main indexes rallied amid a surge in tech giants, as Treasury yields calmed https://t.co/QlDupxjj8D https://t.co/phyo7xhlKQ
Wall Street's main indexes rallied amid a surge in tech giants, as Treasury yields calmed https://t.co/07qjOdLRj1 https://t.co/2fRQDNbR5m
Why is the Moody's downgrade of US debt important? It takes more control away from the #FederalReserve and their ability to lower rates when they need to... In other words, the less likely the US can pay its debt (negative rating now), other countries will demand higher… https://t.co/iBnCKCezET https://t.co/cGnjIhIt26
Why is the Moody's downgrade of US debt important? It takes more control away from the #FederalReserve and their ability to lower rates when the time being. In other words, the less likely the US can pay its debt (negative rating now), other countries will demand higher… https://t.co/rBNqECoBvA https://t.co/105XhMShY6
A) Johnson on Moody’s downgrading federal credit rating from stable to negative: Moody's Investor Service downgrade of the U.S. credit rating is the latest example of the failure of President Biden and Democrats reckless spending agenda.
US Credit-Rating Outlook Changed to Negative by Moody’s - BBG https://t.co/EKTmBcwdjl
⚠️ MOODY'S CUTS USA'S 'AAA' RATING OUTLOOK TO 'NEGATIVE' THOUGHTS? https://t.co/3yBn5W7DyJ
US stocks rallied with big gains, boosted by heavyweight tech and growth stocks, as Treasury yields stabilized https://t.co/QlDupxiLj5 https://t.co/YuxJaDrGLr
One week out from a shutdown, the weird and unpopular ‘laddered CR’ seems to be Speaker Mike Johnson’s only idea for keeping the government open. https://t.co/3SUev1NIKO
⚠️WALL ST. WEEKLY PERFORMANCE: ✅ DOW ENDS UP +0.7%, 2ND WEEKLY GAIN IN A ROW ✅ S&P 500 ENDS UP +1.3%, 2ND STRAIGHT WEEKLY GAIN ✅ NASDAQ ENDS UP +2.3%, 2ND WEEKLY GAIN IN A ROW 🔴 RUSSELL 2000 ENDS DOWN -3.1% $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸 https://t.co/NKZSdQyBza
US stocks rallied with big gains, boosted by heavyweight tech and growth stocks, as Treasury yields stabilized https://t.co/07qjOdLRj1 https://t.co/arBYD80xEH
Moody’s shifts the outlook on the US credit rating to negative, sparking displeasure from Washington https://t.co/bpRfYeMrgi https://t.co/qQNqEEaP1r
*STOCKS SOAR TO END THE WEEK AS WALL ST. SHRUGS OFF POWELL, S&P 500 SCORES 2ND STRAIGHT WEEKLY GAIN https://t.co/S3412PadVg $DIA $SPY $QQQ 🇺🇸🇺🇸 https://t.co/C1Mm980Dwd