Stocks, bonds and the dollar drift after the latest downgrade to the US government’s credit rating

News Snapshot:

NEW YORK (AP) — U.S. stocks, bonds and the value of the U.S. dollar drifted following the latest reminder that the U.S government seems to be hurtling toward an unsustainable mountain of debt. The S&P 500 edged up 0.1% Monday after Moody’s Ratings became the last of the three major credit-rating agencies to say the U.S. federal government no longer deserves a top-tier “Aaa” rating. The Dow Jones Industrial Average rose 0.3%, and the Nasdaq was little changed. In the bond market, the 30-year Treasury yield briefly jumped above 5% before calming a bit. The issues Moody’s cited in its...