S&P

According to reports, US stocks opened higher and retreated lower, with the Dow turning lower, the Nasdaq closing down to 0.7%, and the S&P closing down to 0.17%. Interpretation of this information: The statement signifies the fluctuation in the US stock market as it opened with a promising start but later retreated lower, leading to Dow’s drop, Nasdaq’s decrease by 0.7%, and S&P’s fall by 0.17%. It shows that the stock market’s performance is influenced by various factors, such as economic indicators, global events, and geopolitical issues. The US stock…

It is reported that the rating agency S&P downgraded the rating of the Bank of Silicon Valley to D, that is, the “default” rating, and then withdrew the rating; SVB Financial Group, the parent company of Silicon Valley Bank, was downgraded to CC. (Cailian Press) Interpretation of this information: The recent downgrade of the rating of Silicon Valley Bank by rating agency S&P has sparked concerns about the bank’s financial stability. The bank has now been rated as ‘default’ or D, which is the lowest rating a bank can be…