Wall Street ends lower after bank rating cuts spark wider sell-off

Moody's downgrade of several lenders, and placing six banking giants including Bank of New York Mellon, US Bancorp, State Street, and Truist Financial under review for potential downgrades, triggered a broad sell-off in Wall Street.

Aug 9, 2023 - 07:30
Wall Street ends lower after bank rating cuts spark wider sell-off
Moody's downgrade of several lenders, and placing six banking giants including Bank of New York Mellon, US Bancorp, State Street, and Truist Financial under review for potential downgrades, triggered a broad sell-off in Wall Street.