Raymond James Downgrades Veracyte to Market Perform

On Wednesday, August 2, the U.S. markets closed lower after Fitch downgraded the long-term credit rating of U.S. NASDAQ fell as traders focused on the downgrade of U.S. debt and rising Treasury yields.  Major indices had no boost from the better-than-expected ADP Employment Change report, which indicated that private enterprises gained 324,000 jobs in July.