Mortgage rates climb above 7% after Moody's U.S. debt downgrade
Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.
Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.
Two developments in the medical marijuana segment were encouraging for the pot company. While neither will be a game-changer on its own, they do represent progress for the marijuana sector more broadly. Several encouraging pieces of news about legalized medical marijuana sent Curaleaf Holdings (OTC: CURLF) stock to a win on the first trading day of the week.
An analyst published an updated take on the software segment. A bearish note in an otherwise bullish industry research report led to a bit of an investor sell-off in GitLab (NASDAQ: GTLB) stock on Monday. According to reports, Hedberg pointed out that such titles did quite well, on the back of quarterly reports that were published relatively early in the current earnings season.
A federal judge on Monday rejected Vanguard Group's $40 million settlement with investors who claimed the mutual fund giant stuck them with inflated tax bills in its popular target-date funds. U.S. District Judge John Murphy in Philadelphia said the proposed class action settlement announced in November "provides no value" to investors because Vanguard could have offset the $40 million from its similar, larger settlement in January with the U.S. Securities and Exchange Commission.
The S&P 500 eked out a gain of 0.1% on Monday, May 19, 2025, as investors weighed the implications of Moody's downgrading its U.S. credit rating.
A researcher published an update on stocks involved in the artificial intelligence segment. Broadcom is among the titles it's quite bullish on. Broadcom (NASDAQ: AVGO) stock was a winner on a fairly forgettable Monday for the market.
The Moody's downgrade of the U.S. credit rating rippled through markets on Monday and put fresh focus on the nation's fiscal outlook. Long-dated Treasury yields rose, the dollar fell, while stocks edged higher after rebounding from sharp declines early in the session. Jamie is enjoying some well-deserved time off, but check out his latest column examining Federal Reserve Chair Jerome Powell's legacy as the central bank prepares to release its new review later this year.
Investors sold off U.S. debt over the weekend after a high-profile downgrade of the nation’s credit, stoking concern about rising borrowing costs as long-term Treasury yields spiked. The trend threatens to drive up interest rates for everything from credit cards to mortgages, while pressing the brakes on economic growth, analysts told ABC News. "If you borrow money, your rate will go up," Jim Bianco, a market analyst at Bianco Research, told ABC News.
Moody’s Ratings became the last of the three major credit-rating agencies to say the U.S. federal government no longer deserves a top-tier “Aaa” rating. The Dow Jones Industrial Average rose 0.3%, and the Nasdaq was little changed. The Nasdaq composite rose 4.36 points, or less than 0.1%, to 19,215.46.
Moody’s Ratings became the last of the three major credit-rating agencies to say the U.S. federal government no longer deserves a top-tier “Aaa” rating. The Dow Jones Industrial Average rose 0.3%, and the Nasdaq was little changed. The Nasdaq composite rose 4.36 points, or less than 0.1%, to 19,215.46.