Xerox Corp is trading 7.3% down at $3.05 today, extending a volatile downtrend. - The decline follows S&P Global Ratings' downgrade of Xerox to 'SD' (selective default) from 'CCC+' on June 11, 2026, due to a below-par debt repurchase. - Broader markets are mixed-to-slightly positive this morning, indicating the move is largely company-specific.