US stocks pared early losses on Monday, with the S&P 500 ending 0.1% higher after falling 1.1%, as Treasury yields retreated from their highs. The Dow rose 137 points, while the Nasdaq edged higher, as markets digested a Moody's downgrade of the US credit rating to Aa1, citing rising deficits and refinancing risks.
The downgrade pushed the 10-year yield near 4.5% and the 30-year above 5%, levels that have previously weighed on equities. Treasury Secretary Scott Bessent downplayed the move and urged trading partners to engage during a 90-day tariff pause. President Trump has continued to push companies like Walmart to absorb the cost of the tariffs.
Energy, consumer goods and technology lagged, while health care, industrials and utilities helped limit broader losses. Large-cap names such as Apple (-1.2%), Tesla (-2.2%) traded lower, while UnitedHealth rose 8.2% to pare this year's aggressive sell-off. (Newsmaker23)
Source: Trading Economics
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