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,

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.