US stocks came back from steep losses on Monday as Wall Street shrugged off Moody's downgrade of the US credit rating and investors digested developments in President Trump's tariff salvos. Moody’s cut the US government’s long-term credit rating from AAA to AA1 late Friday,

U.S. stock index futures fell on Monday, while Treasury yields rose after ratings agency Moody's downgraded the country's sovereign rating by one notch, bringing forward concerns around the ballooning U.