The broad indices ended mixed, even though the Nikkei 225 rose 4.71% after Japan revised its first-quarter gross domestic product higher. The Japanese economy grew by an annualized 4.1% versus the original estimate of 3.5%, according to the country's Cabinet Office.
The KBW Bank Index (I:BKX) was up 0.6% to close at 61.93, after Standard & Poor's affirmed its "AA+" long-term and "A-1+" short-term credit ratings for the U.S. and raised its long-term rating outlook on the country to "stable" from "negative," to indicate the ratings agency's "view that the likelihood of a near-term downgrade of the rating is less than one in three."
"We believe that the U.S. monetary authorities have both the strong ability and willingness to support sustainable economic growth and to attenuate major economic or financial shocks. As a result, we expect the U.S. dollar to retain its long-established position as the world's leading reserve currency," S&P said in a statement.S&P said there were "tentative improvements in two areas. First, "Republicans and Democrats did reach a deal to smooth the year-end-2012 'fiscal cliff', and this deal did result in some fiscal tightening beyond that envisaged in
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