Stocks

Dow Drops 200 Points After Fitch Downgrades US Credit Rating, Treasury Boosts Bond Sales

Dow Drops 200 Points After Fitch Downgrades US Credit Rating, Treasury Boosts Bond Sales
Traders work on the floor of the New York Stock Exchange in New York City, on July 6, 2023. Brendan McDermid/Reuters
Catherine Yang
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The Dow Jones Industrial Average dropped 146 points just after opening bell on Wednesday, sliding down by 233 points altogether before noon. The Wall Street dip came after credit-ratings agency Fitch rattled investors with a surprise rating downgrade on Tuesday.

By 11:30 a.m., the benchmark S&P 500 Index was down 1.17 percent, and the Nasdaq Composite was down 2 percent.

Catherine Yang
Catherine Yang
Author
Catherine Yang has been with The Epoch Times in New York since 2008. She also launched and previously served as chief editor of American Essence magazine and Epoch Health.
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