WKYT | Lexington, Kentucky | News

Stocks sink afer US debt outlook downgrade

NEW YORK (AP) - Stocks are falling sharply lower after Standard & Poor's dropped its outlook on U.S debt quality to negative.
The ratings service said it was making the move due to risks from the country's growing deficit. But the agency also reaffirmed the investment-grade credit ratings on country's long-term and short-term debt.
International concerns are also weighing on stocks even after several companies reported earnings that beat expectations.
Traders are facing the renewed threat of a Greek debt default. China took another step to curb its runaway inflation.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:


2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 120061739 - wkyt.com/a?a=120061739
Gray Television, Inc.