It was a sobering day for U.S. assets on Tuesday, with Wall Street, the dollar and longer-dated Treasuries all declining as investors took a breather to digest last week's U.S. sovereign credit downgrade and the latest twists in President Donald Trump's efforts to push his sweeping tax-cut bill through Congress. The general fiscal health of developed economies and rise in long-term yields more broadly are top of investors' minds, and the most significant move in global markets on Tuesday was Japan's 30-year yield hitting a record high. A junk-rated U.S. Treasury?
S&P 500 Gains and Losses Today: FICO Stock Falls as Federal Housing Official Questions Pricing
The S&P 500 slipped 0.4% on Tuesday, May 20, snapping a six-day winning streak as investors' confidence on trade and inflation appeared to waver.
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