Universal markets in the sphere of a tailspin on 2nd daylight drop
S. acknowledgment rating. Special Section: Americas Debt BattleS&P lowers Fannie, Freddie, others joined to U.S.Dow plummets 634 points amid downgrade backlash Michael McCarthy, chief strategist on Sydney-based insurance broker CMC Markets, attributed the marketplace unrest to fears with the intention of the struggling U.S.