Nasdaq seen heading into reverse after Moody's downgrade, bond market warnings

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  Posted by Two Blokes May 19 - Filed in General - #TwoBlokesTrading  - 4 views
  
  Wall Street shares are set to reverse half their gains from last week after bond markets reacted to Moody's downgrading its rating of US government debt, and the Trump administration's tax cut bill moved closer to being passed. S&P 500 futures were down 1.1% and those for the Nasdaq down 1.5%, while Dow Jones futures fell 0.6%.