Stocks Set to Open Lower as U.S. Credit Outlook Downgrade Weighs on Sentiment, U.S Inflation Data and Retail Earnings in Focus

December S&P 500 futures (ESZ23)are down -0.22%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.29% this morning as risk sentiment took a hit after rating agency Moody’s lowered the United States’ credit rating outlook while investors looked ahead to the release of U.S. inflation data as well as quarterly earnings reports from high-profile retailers. Moody’s Investors Service lowered its assessment of the U.S. credit outlook from “stable” to “negative” on Friday, citing the U.S.’ “very large” fiscal deficits and partisan gridlock in Washington. While the rating agency reaffirmed Am…

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