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. Moody’s cut the US government’s long-term credit rating from Aaa to Aa1 late Friday,

The stock market opened with losses Monday as trading began for the first time since the U.S. government suffered a significant hit to its creditworthiness. The Dow Jones Industrial Average,

U.S. stocks are drifting lower and U.S. bonds are falling more sharply following the latest reminder that the U.S. government seems to be hurtling toward an unsustainable mountain of debt.