Stock index futures fell sharply on Monday after Moody’s Ratings decision to strip the U.S. of its last remaining top-tier credit score. S&P 500 futures (SPX) -1.3%, Nasdaq 100 futures (US100:IND) -1.

By Shashwat Chauhan and Kanchana Chakravarty (Reuters) -Wall Street futures fell and Treasury yields rose on Monday after Moody's downgraded the U.S. sovereign rating, sharpening focus on the country's mounting debt.

Strategists warned the move, announced after the market close on Friday, could spark some near-term selling in stocks and Treasurys.

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.

Dow Futures fell by more than 300 points early on Monday, meanwhile 30-year U.S. Treasury bond yields rose past 5%.

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.

The yield on both 10 and 30-year government bonds rose on Monday after another credit ratings agency downgraded the US on Friday.

Stocks clawed back their earlier losses on Monday as investors shook off a downgrade of the U.S.’ credit rating by Moody’s.