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Fitch Downgrades Spain Three Notches

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  • Description

    FBN's Liz MacDonald breaks down mid-afternoon market news.

  • Duration 0:57
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I'm Liz McDonald get Fox Business -- it's another bullish day for Wall Street.

The market rally is holding steady after Federal Reserve Chairman Ben Bernanke told congress -- the Fed.

-- is ready to act -- the economy slows further.

And Spain's credit rating has gotten another downgrade this time from -- the three not to downgrade to triple B also came with -- negative outlook.

And the move comes ahead of next week's report from the International Monetary Fund.

It may -- Spanish banks needed cash injection of about fifty billion dollars.

And American households cut their public -- in the first quarter the Fed reserve's quarterly flow of funds report shows how close debt.

Is down for -- fifteenth straight quarter.

Thanks for the market rally the bidding at the beginning of the year well jumped to nearly 63 trillion bucks and that's the latest of the Fox Business Network.

Giving you the power to prosper.

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