Stocks End the Week Lower As Fitch Downgrades U.S. Government Debt

The stock markets were rattled and bond yields soared on Wednesday following Fitch’s downgrade of U.S. debt from AAA to AA+. Saudi Arabia extended its voluntary 1MM barrel per day production cut through September.  That and a drop in global and U.S. inventories of oil caused crude prices to rise. While the labor market remains […]