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Markets drop amid debt jitters, Tesla climbs as Musk plans pullback on political spending

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Stocks remained relatively stable after a 6-day winning streak.
The article from Fortune discusses the recent downturn in the stock market, influenced by Moody's warning about potential downgrades in U.S. bank ratings due to concerns over the government's ability to manage its debt ceiling. This news contributed to a decline in major indices like the Dow Jones, S&P 500, and Nasdaq. Additionally, the article touches on Elon Musk's comments regarding the Federal Reserve's interest rate hikes, suggesting they could lead to a severe recession. The combination of these factors has heightened investor anxiety, leading to increased market volatility.

Read the Full Fortune Article at:
[ https://fortune.com/article/markets-slip-stocks-moodys-debt-credit-rating-elon-musk/ ]