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US stock futures fell sharply in early trading after Moody’s downgraded the US credit rating, citing rising budget deficits and debt concerns. The Dow, S&P 500, and Nasdaq futures all dropped as investors reacted to the news.
- Moody's downgraded the US credit rating to Aa1, citing rising deficits and debt concerns.
- Stock futures fell sharply, with Dow, S&P 500, and Nasdaq all dropping in early trading.
- Gold prices rebounded as investors shifted to safer assets amid market uncertainty.
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Other Tags: Dow, Dow Jones, Moody's, Nasdaq, Wall Street