Moody’s Axes U.S. Credit Rating—S&P 500 Rally Hits a Wall

Wall Street’s caffeine buzz wears off as Moody’s delivers a reality check. The ’risk-free’ asset just got riskier—but hey, at least Treasury yields will keep hedge funds entertained.

S&P 500 flatlines after its AI-hype sugar rush. Traders now juggling rate fears, political chaos, and the timeless question: ’Who still trusts rating agencies anyway?’

Bitcoin is surging 

Bitcoin (BTC) surged to $105,400, lifting shares of Strategy 3%. Palantir, AMD, and Super Micro Computer each fell over 2%.

JPMorgan CEO Jamie Dimon warned that the full economic impact of tariffs had yet to be felt, while Fed officials signaled no immediate changes to interest rates amid ongoing uncertainty.

Global markets were mixed. European stocks rose slightly, while Asia saw losses. The European Union cut its growth outlook, and Diageo forecast a $150 million hit from tariffs.