The S&P 500 is now just 3% from its record high despite continued uncertainty around the impact of tariffs on the economy.

Stock futures fell and Treasury yields soared on Monday as investors responded to news that a major ratings agency had downgraded its assessment of U.S. federal government debt.

Stock market futures in the U.S. surged on Monday as the U.S. and China agreed to temporarily de-escalate their trade war.

U.S. stock futures have drifted lower since the release of the latest batch of U.S. economic data at 8:30 a.m. Eastern Time, although they continued to point toward a higher open. The data included a reading on housing starts,