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Despite a Moody's downgrade of the U.S. credit rating to Aa1 from Aaa, triggering a spike in debt yields and increased borrowing costs, U.S. stocks closed largely unchanged on Monday. The Dow Jones Industrial Average rose 0.3%, the S&P 500 gained 0.09%, and the Nasdaq increased 0.02%. This followed a weekend selloff of U.S. debt, with long-term yields exceeding levels seen after the Trump tariffs. The current situation coincides with Republicans' push for tax cuts, which the CBO warned would increase national debt. The market initially dipped before recovering.

Prepared by Christopher Adams and reviewed by editorial team.