Dow, S&P 500, Nasdaq Futures And Asian Indices Slide

U.S. stock futures took a hit Sunday evening as Wall Street processed Moody's downgrade of the U.S. credit rating and new developments in President Trump's tariff salvos, Rian Howlett reported for Yahoo Finance.

The Nasdaq surged over 7%, the S&P 500 added more than 5%, while the Dow climbed more than 3%.

Dow Jones Industrial Average futures dropped around 330 points, or 0.8%. Contracts tied to the S&P 500 and Nasdaq 100 were down 1.1% and 1.3%, respectively.

Moody’s cut the U.S. government’s long-term credit rating from Aaa to Aa1 late Friday, citing escalating deficits and the increasing burden of refinancing debt amid elevated interest rates.

The downgrade brings Moody’s in line with Fitch and S&P, which had previously stripped the U.S. of its top-tier rating.

The bearish tone in futures trading follows a bullish run for equities. Investors last week embraced news of a temporary U.S.–China tariff truce, which sent all three major indexes to a banner week.

The Nasdaq surged over 7%, while the S&P 500 added more than 5% in a five-day rally.

The Dow climbed more than 3%, finishing Friday’s session up over 300 points. Asian markets saw a similar reversal of last week’s upward trajectory. Indexes across the region fell overnight Sunday as investors digested the U.S. credit changes and the release of disappointing Chinese economic data.