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US stocks edge higher while dollar dips after Moody’s downgrade

NEW YORK — Wall Street stocks finished a meandering session higher Monday, shrugging off Moody's downgrade of US sovereign debt, which could balloon further.

Yields of US Treasury bonds spiked early in the day in a dynamic that revived talk of the “Sell America” narrative that unsettled markets in early April following President Donald Trump's sweeping tariff announcements.

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