(Stock Trading News) US stocks open higher with boost from GM – MarketWatch
Both Moody’s Investors Service and Standard & Poor’s downgraded their credit ratings on the chemicals giant late Monday, based on Kuwait’s decision over the weekend to back out of a joint venture with the firm. The price was hammered out months ago before life insurers got hit by the global financial crisis, but Nationwide Mutual maintains the deal will benefit policyholders — who own the company — over the long term. The Dow industrials lost 31 points, the S&P 500 fell 3 points and the Nasdaq Composite dropped 19 points. Intraday data provided by Interactive Data Real Time Services , a division of Interactive Data Corp. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data . read more
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