Moody's, Dow Jones Industrial Average
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U.S. stock futures were lower early Wednesday morning as Treasury yields continued to climb. Investors worried a new tax bill could worsen the U.S. government's deficit following a Moody’s downgrade of the country's credit rating last week.
Dow slides as Treasury yields surge above key levels. Traders eye deficit risks, stalled tax bill, and Fed signals for the next stock market move.
Dow Futures fell by more than 300 points early on Monday, meanwhile 30-year U.S. Treasury bond yields rose past 5%.
The yield on both 10 and 30-year government bonds rose on Monday after another credit ratings agency downgraded the US on Friday.
Stock futures fell Sunday evening as investors responded to Moody's downgrade of the U.S.' credit rating. Futures tied to the Dow Jones Industrial Average dropped 292 points points, or 0.7%. S&P 500 futures pulled back 0.7%, while Nasdaq 100 futures lost 0.8%.
Stocks clawed back their earlier losses on Monday as investors shook off a downgrade of the U.S.’ credit rating by Moody’s.
Investors largely shrugged off a downgrade of the U.S.'s credit rating in Monday trading as stocks ended the day mostly flat.