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Technology Stocks : Semi Equipment Analysis

SOXX 312.76

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Dec 8 4:00 PM EST

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From: FJB	8/5/2011 5:09:49 PM
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US Braces for Possible S&P Downgrade: Source Published: Friday, 5 Aug 2011 \| 4:55 PM ET By: Kate Kelly CNBC Reporter U.S. government officials are bracing for the rating agency Standard & Poor’s to downgrade the country’s credit as early as this evening or take other possible action, according to someone familiar with the matter. Throughout Friday, markets were rife with speculation that S&P, which has had a negative outlook on the U.S. since April 18, would downgrade the country’s credit from its current triple-A level. On July 14, S&P put the government on a credit watch with negative implications, meaning there was at least a one in two chance the U.S.’s long-term debt would be downgraded within 90 days. An S&P spokesman declined to comment on any possible plans for a downgrade or statement later Friday. On Tuesday, both Fitch and Moody's backed their triple-A rating on the U.S.—but with caveats. Fitch warned that the U.S. rating " will remain under pressure for some time" and Moody's [MCO 32.88 -0.68 (-2.03%) ] went so far as to slap the U.S. with a negative outlook.

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