U.S. stock futures slide
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Strategists warned the move, announced after the market close on Friday, could spark some near-term selling in stocks and Treasurys.
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.
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.
US stock futures took a hit on Monday while Treasury yields rose, as Wall Street processed Moody's downgrade of the US credit rating alongside developments in President Trump's tariff salvos.
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.
Futures for the Dow Jones Industrial Average dropped 250 points, or 0.58%. S&P 500 futures slipped 0.6%, while Nasdaq futures fell 0.61%. The yield on the 10-year Treasury surged 4.6 basis point to 4.485% after Moody's downgraded the U.S. credit rating one notch late Friday to Aa1 from AAA, the highest grade.
U.S. stocks finished near the unchanged mark on Monday with market sentiment weakened by the downgrade of the federal government's perfect sovereign credit rating owing to its huge debt profile. Moody's slashed the U.