In U.S. stocks, SPDR S&P 500 ETF (NYSEArca: SPY) dropped more than 1% in recent trading.

However, the dollar strengthened against a basket of foreign currencies as PowerShares DB US Dollar Bullish Fund (NYSEArca: UUP) traded higher after the S&P bombshell.

iShares Barclays 20+ Year Treasury Bond Fund

Full disclosure: Tom Lydon’s clients own SLV and GLD.