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Wall Street plunges after S&P’s U.S. debt downgrade

NEW YORK (Reuters) – U.S. stocks plummeted for the second straight session, driving the S&P 500 and the Nasdaq down 6 percent on Monday in the first session since Standard & Poor’s cut the nation’s perfect AAA credit rating. The downgrade — the first in the country’s history — reflected investors’ rising fear…

Debt deal could spur Wall Street relief rally

NEW YORK (Reuters) – A deal involving up to $3 trillion in deficit cuts over a decade that would let U.S. lawmakers raise the U.S. borrowing limit and avoid default could spur a relief rally in Wall Street stocks and a rise in U.S. government yields on Monday. Senate Democratic…