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  ·2023-08-02
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  Dow Falls More Than 100 Points After Fitch Downgrade Dampens Sentiment
  Dow falls more than 100 points after Fitch downgrade dampens sentiment
  Dow Falls More Than 100 Points After Fitch Downgrade Dampens Sentiment
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Advanced Micro Devices rose 2% before the bell on better-than-expected results. Meanwhile, CVS Health lost 2% even after posting strong earnings as it trims costs. SolarEdge Technologies tumbled nearly 15% after missing second-quarter revenue expectations.</p><p style=\"text-align: start;\">Earnings season is more than halfway through with results coming in stronger than expected. Of the S&amp;P 500 companies that have reported, about 82% have posted positive surprises, according to FactSet data. The earnings beats have added to bullish investor sentiment, continuing this year’s recovery.</p><p style=\"text-align: start;\">“A soft landing is quickly becoming consensus and stocks may take a breather post a strong rally,” saud Emmanuel Cau, head of European equity strategy at Barclays. “But absent a negative catalyst to alter the goldilocks narrative, we think the grind higher can continue.”</p><p style=\"text-align: start;\">Elsewhere, the latest ADP jobs report showed that the private sector added 324,000 jobs in July. That far exceeded the jobs gains expected by economist polled by Dow Jones, but marked a decrease from June’s downwardly revised 455,000.</p><p style=\"text-align: start;\">Those moves follow a lackluster first day of trading to start August. On Tuesday, the S&amp;P 500 fell 0.27%, while the Nasdaq Composite declined 0.43%. The Dow Jones Industrial Average added 71.15 points, or 0.2%, and reached its highest level since February 2022 at one point in the session.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow Falls More Than 100 Points After Fitch Downgrade Dampens Sentiment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow Falls More Than 100 Points After Fitch Downgrade Dampens Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-08-02 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks fell Wednesday after Fitch downgraded the long-term rating for the U.S. and traders scrutinized the latest batch of second-quarter earnings results.</p><p style=\"text-align: start;\">Fitch Ratings cut the long-term foreign currency issuer default rating for the U.S. to AA+ from AAA Tuesday night, citing “expected fiscal deterioration over the next three years.”</p><p style=\"text-align: start;\">A busy earnings week carried on. Advanced Micro Devices rose 2% before the bell on better-than-expected results. Meanwhile, CVS Health lost 2% even after posting strong earnings as it trims costs. SolarEdge Technologies tumbled nearly 15% after missing second-quarter revenue expectations.</p><p style=\"text-align: start;\">Earnings season is more than halfway through with results coming in stronger than expected. Of the S&amp;P 500 companies that have reported, about 82% have posted positive surprises, according to FactSet data. The earnings beats have added to bullish investor sentiment, continuing this year’s recovery.</p><p style=\"text-align: start;\">“A soft landing is quickly becoming consensus and stocks may take a breather post a strong rally,” saud Emmanuel Cau, head of European equity strategy at Barclays. “But absent a negative catalyst to alter the goldilocks narrative, we think the grind higher can continue.”</p><p style=\"text-align: start;\">Elsewhere, the latest ADP jobs report showed that the private sector added 324,000 jobs in July. That far exceeded the jobs gains expected by economist polled by Dow Jones, but marked a decrease from June’s downwardly revised 455,000.</p><p style=\"text-align: start;\">Those moves follow a lackluster first day of trading to start August. On Tuesday, the S&amp;P 500 fell 0.27%, while the Nasdaq Composite declined 0.43%. The Dow Jones Industrial Average added 71.15 points, or 0.2%, and reached its highest level since February 2022 at one point in the session.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110251713","content_text":"U.S. stocks fell Wednesday after Fitch downgraded the long-term rating for the U.S. and traders scrutinized the latest batch of second-quarter earnings results.Fitch Ratings cut the long-term foreign currency issuer default rating for the U.S. to AA+ from AAA Tuesday night, citing “expected fiscal deterioration over the next three years.”A busy earnings week carried on. Advanced Micro Devices rose 2% before the bell on better-than-expected results. Meanwhile, CVS Health lost 2% even after posting strong earnings as it trims costs. SolarEdge Technologies tumbled nearly 15% after missing second-quarter revenue expectations.Earnings season is more than halfway through with results coming in stronger than expected. Of the S&P 500 companies that have reported, about 82% have posted positive surprises, according to FactSet data. The earnings beats have added to bullish investor sentiment, continuing this year’s recovery.“A soft landing is quickly becoming consensus and stocks may take a breather post a strong rally,” saud Emmanuel Cau, head of European equity strategy at Barclays. “But absent a negative catalyst to alter the goldilocks narrative, we think the grind higher can continue.”Elsewhere, the latest ADP jobs report showed that the private sector added 324,000 jobs in July. That far exceeded the jobs gains expected by economist polled by Dow Jones, but marked a decrease from June’s downwardly revised 455,000.Those moves follow a lackluster first day of trading to start August. On Tuesday, the S&P 500 fell 0.27%, while the Nasdaq Composite declined 0.43%. The Dow Jones Industrial Average added 71.15 points, or 0.2%, and reached its highest level since February 2022 at one point in the session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}