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<US>DJIA Climbs 137 Pts at Close Despite US Being Downgraded; S&P 500 Up for 6th Day
Following Moody's downgrade of the US sovereign rating last Friday, which triggered a chain reaction, the ratings of major US banks, including Bank of America (BAC.US) and JPMo...
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<US>DJIA Climbs 137 Pts at Close Despite US Being Downgraded; S&P 500 Up for 6th Day
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Following Moody's downgrade of the US sovereign rating last Friday, which triggered a chain reaction, the ratings of major US banks, including Bank of America (BAC.US)      and JPMorgan (JPM.US)      , were further downgraded on Monday.

However, US Treasury yields ebbed from their highs, leading US stocks to open lower and close higher on Monday. The S&P 500 finished up 5 points at 5,963, marking its sixth consecutive day of gains; the DJIA closed up 137 points or 0.3% at 42,792; and the Nasdaq remained stable, ending up 4 points at 19,215.

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Insurance company UnitedHealth (UNH.US)      closed up 8%, shoring up the DJIA, and was the best performer among the 30 DJIA components.

Banks deteriorated, with Goldman Sachs (GS.US)      and JPMorgan sinking over 1%.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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