Moody's Downgrades U.S. Credit Rating

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CNBC Daily Open: Downgrade of U.S. credit rating adds new complication to U.S. stock market

Summary

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83% Informative

All major U.S. indexes rose Friday , ending the week sharply higher.

Moody’s Ratings cut the United States ’ sovereign credit rating down one notch to Aa1 from Aaa.

Nvidia denied it is sending chip designs to China after new export curbs.

Keep an eye out on earnings from Home Depot , Target and TJX this week .

That's up sharply from a 0.1% click-through rate for banner ads historically, and around 1% for feed ads, the company said. JD.com said its marketing revenues climbed by 15.7% to 22.32 billion yuan for the quarter , also partly attributing that rise to AI tools. Lastly, Alibaba noted that marketing revenue, which it calls "customer management," grew 12% year on year to nearly $10 billion , thanks in part to increased use of the company's AI tool, Quanzhantui , for boosting merchants' marketing efficiency..