U.S. stock index futures slipped and Treasury yields surged on Wednesday as investors awaited the outcome of a pivotal debate around U.S. President Donald Trump's tax-cut bill that has fanned concerns about the country's growing debt.

Stock futures pointed lower on Sunday evening as investors weighed fresh warnings on U.S. debt and the potential for President Donald Trump's trade war to heat up again. Late Friday, Moody's downgraded the U.

US stock futures slip amid mixed earnings. Target cuts sales outlook but Lowe's tops estimates. 30-year bond yield hits 5% and oil prices rise.

Trump’s tariffs and the global trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The S&P 500 and Nasdaq are also retreating in premarket trading. Treasury yields are rising and Bitcoin is up.

Moody’s downgraded the U.S.’s credit rating on Friday, causing stock futures to tumble and Treasury yields to spike on Monday morning. Futures tied to the Dow dropped nearly 300 points, while S&P 500 and Nasdaq 100 futures also fell sharply.