U.S. Stocks tumble after S&P’s downgrade of nation’s credit rating

August 8, 2011 at 4:11 am in Grand Forks Herald

S&P cut the long-term debt rating for the U.S. by one notch to AA+ from AAA late Friday. The move wasn’t unexpected, but it comes when investors are already feeling nervous about a weak U.S. economy, European debt problems and Japan’s recovery from its March earthquake. Continue Reading