US stocks 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,

US stock markets opened sharply lower on Monday after Moody’s downgraded the country’s sovereign credit rating, citing concerns over escalating federa

Moody's cut the U.S. credit rating last week, dropping it one notch from the top rating of Aaa to a lower classification of Aa1.