CAPITAL PARAMOUNT UPDATE: US MARKET

US markets closed narrowly in mixed choppy trading as investors seemed to take a breather following last week’s sharp rally and amid worries over the Federal scaling back it stimulus program. The Dow closed flat despite ratings agency, S&P raising its sovereign credit outlook to "stable" from "negative".

The agency added that the likelihood of a near-term downgrade is "less than one in three." It also said that US’ credit strengths include its resilient economy, its monetary credibility, and the dollar's status as the world's key reserve currency. 

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