Overview
- U.S. stock index futures are trending lower after Moody’s downgraded the U.S. credit rating to Aa1, citing $36 trillion in national debt.
- At least seven Federal Reserve officials, including St. Louis Fed President Alberto Musalem, are scheduled to speak today, with traders anticipating two rate cuts by year-end.
- The S&P 500 recently recorded a six-day winning streak and remains approximately 3% below its all-time high, reflecting market resilience despite headwinds.
- The Senate advanced a landmark stablecoin regulatory framework with bipartisan support, marking a significant step for cryptocurrency legislation.
- Investors are closely monitoring a House vote on a Trump-backed tax-cut bill and key earnings reports from Home Depot and Target this week.