Lucas Jackson/Reuters
- US stocks closed lower on Thursday as investors awaited for Apple and Amazon earnings to roll out.
- The 10-year Treasury surged 11 basis points, continuing its rise following Fitch's US credit downgrade.
- Commentators say that US dollar and Treasury assets are still a safe haven for investors.
US stocks fell on Thursday as bond yields surged and investors waited on quarterly earnings from Apple and Amazon.
Fitch downgraded its rating on US debt to AA+ from AAA earlier this week, sparking a sharp sell-off in stocks that began Wednesday and extended early in the day on Thursday. The major indexes fell in early morning trading before retracing losses mid-day, ending Thursday's trading session mostly flat.