European Union Facing Potential Credit Downgrade – Market Update

Quicken Loans Market Update Moody’s Investors Service informed the European Union that their Aaa credit rating is facing a potential downgrade as the outlook on the EU’s creditworthiness was also cut from stable to negative. Also, Treasuries are down today on speculation that the European Union will announce debt canceling measures later this week.

What’s Up On Wall Street?

The U.S. indexes closed with mixed results Friday as Moody’s informed the European Union that their credit rating is facing a potential downgrade. The Dow Jones Industrial Average dropped 20.81 points (-0.16) while the S&P 500 slipped 0.98 of a point (-0.07 %). Finally, the Nasdaq Composite moved up 18.25 points (0.60 %).

Current Rates

Here are some of today’s rates:

Visit our mortgage rates page to find out how much you can save with today’s rates, or use our mortgage calculator to find more rates and loan options.

Financial Links

Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.

Bloomberg

U.S. Stocks fall as data show manufacturing contraction

 

AOL Jobs

10 Jobs in high demand in 2012 and beyond

 

CNN Money

Manufacturing slumps again in August

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