The U.S. stocks crumbled on Monday trading as S&P 500 and Nasdaq Index both dropped down more than 6 percent and Dow lost over 600 points following a historic downgrade of U.S. credit rating by Standard & Poor’s.
Late on Friday, the rating agency Standard & Poor’s downgraded U.S. credit rating from AAA to AA+, a move reflected the agency’s worried about the world’s largest economy’s debt problems.
Investors rushed to pull out their bet on the equity
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