US STOCKS-Wall Street stocks finish flat with sentiment weakened by Moody's downgrade

Reuters
2025.05.19 20:44
portai
I'm PortAI, I can summarize articles.

U.S. stocks closed flat amid weakened sentiment following Moody's downgrade of the federal government's credit rating from 'Aaa' to 'Aa1' due to its $36 trillion debt. The Dow rose 0.32%, S&P 500 up 0.09%, and Nasdaq gained 0.02%. TXNM Energy surged 7% after a Blackstone acquisition announcement, while Novavax jumped 15% after FDA approval for its COVID-19 vaccine. Despite the mixed performance, the S&P 500 marked its sixth consecutive gain, with healthcare and consumer staples leading sectors.