Fitch Ratings downgrades U.S. credit, Trump indictment, CVS earnings: 3 Things

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Rating agency Fitch has downgraded U.S. debt from a AAA rating to AA+, citing "erosion of governance" and debt ceiling disputes between lawmakers as causes. Former President Donald Trump has been indicted and charged with four counts tied to attempting to overturn the 2020 election results. Pharmacy chain CVS posts an earnings beat amid layoffs and cost-cutting strategies. Yahoo Finance's Julie Hyman highlights the top developing stories this morning.

This post was written by Luke Carberry Mogan.