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U.S. stock benchmarks took another big hit Monday, in the first day of trading since America's credit was downgraded by Standard and Poor's rating agency late Friday. The Dow Jones Industrial index closed below the 11,000 mark for the first time since late 2010, ending the day at 10,811.
U.S. stock benchmarks took another big hit Monday, in the first day of trading since America's credit was downgraded by Standard and Poor's rating agency late Friday. The Dow Jones Industrial index closed below the 11,000 mark for the first time since late 2010, ending the day at 10,811.
The government gave rating agencies a special position in the financial system. "There's some ironies, shall we say, in all of this," a professor says.
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