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Futures Slide, Yields And Gold Jump As Markets React To Moody's Downgrade

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US equity futures and bond yields are sharply higher across the curve as market react to Moody's greatly delayed downgrade to US credit on Friday (it follows 14 years after S&P did the same in August 2011), with the USD trading broadly lower, gold higher and macro credit trading notably wider. As of 8am ET, S&P 500 contracts fell 1.0% and Nasdaq 100 futures down 1.4%, with investors cooling on equities after a five-day winning streak, and up 7 of the past 8 days. Pre-mkt, MegaCap Tech names are down 2-4% with Semis/Cyclicals under pressure. European and Asian shares also dropped.

ZeroHedge Opinion     May 19, 2025