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,

The stock market opened with losses Monday as trading began for the first time since the U.S. government suffered a significant hit to its creditworthiness. The Dow Jones Industrial Average,

U.S. stocks pared early losses Monday as investors largely shook off concerns about the U.S. government's growing debt problem.