Rumors are common on Wall Street, but the one that swept trading desks Friday was unusually scary and widespread. It also wound up being true. Shortly after the opening bell for stock-market trading in New York at 9:30 a.m., speculation began swirling that Standard & Poor's planned to downgrade the U.S. government's credit rating after the closing bell.
Stocks fell sharply, erasing an opening gain by the Dow Jones Industrial Average of more than 100 points that was ...
Find out more at http://online.wsj.com/article/SB10001424053111904480904576494672191672328.html?mod=WSJ_hp_LEFTTopStories
No comments:
Post a Comment