Stocks Retreat After Debt Downgrade

Stocks slipped after Moody’s downgraded the U.S. credit rating late Friday causing Treasury yields to spike, The firm cited the federal government’s growing budget deficit and the ramifications of rolling over existing U.S. debts in a period of high borrowing costs, More on the Retirement and Wealth Management seminar at the Crowne Plaze in Foster City on Saturday June 21st at 10am with CFP Chad Burton and CFP Ryan Ignacio of EP Wealth AdvisorsSee omnystudio.com/listener for privacy information.