NYSE Content Advisory: Pre-Market update
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Moody's downgraded the U.S. credit rating from Aaa to Aa1, citing persistent federal deficits and the growing challenge of refinancing U.S. debt at higher interest rates, bringing the U.S. in line with other major economies.
The downgrade is expected to push Treasury yields higher and bond prices lower, potentially impacting broader financial markets.
President Trump has urged the Federal Reserve to cut interest rates, but Chair Jerome Powell has signaled a cautious, data-driven approach, with several Fed officials scheduled to speak ahead of the next rate decision on June 18.
Opening Bell
Universal Technical Institute, Inc. (NYSE:UTI) to ring The Opening Bell in celebration of their 60th anniversary and successful North Star strategy to define the future workforce.
Closing Bell
Northpointe Bancshares, Inc. (NYSE: NPB) to ring The Closing Bell ® in celebration of their recent public offering.
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