🔴 Moodys is trading 5% down in after-hours trading amid broad risk-off trading

Moodys is trading at $459.07, down 5.38%, amid risk-off markets.

• After the October 16 close, no confirmed late-breaking company announcement explained the after-hours move.
• Nasdaq fell 2.16% and S&P 500 fell 1.24% amid renewed concerns about debt-financed AI spending and rising borrowing costs; Reuters reported technology-led losses and pressure on AI-related shares.
• Jefferies cut its price target to $560 from $610 but kept a Buy rating; this earlier action is not confirmed as the after-hours trigger.