In This Article:
Stock futures (ES=F, NQ=F, YM=F) are falling in Monday's pre-market trading while Treasury yields (^TYX, ^TNX, ^FVX) shoot higher in response to Moody's downgrading its credit rating on US debt.
President Trump's tax bill received approval from a key House committee while still awaiting to secure a full House vote before moving onto the Senate.
At the 2025 Computex conference in Taiwan, Nvidia (NVDA) unveiled its newest technology, from robotics to its NVLink Fusion program for semi-customizable AI CPUs.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Madison Mills. Let's get you the three things you need to know today. First up, US stock futures falling alongside bonds and the dollar this morning as credit rating agency Moody's downgraded US debt. Moody's announcing Friday evening, it was stripping the American government of its top credit rating, citing concerns over the country's ballooning budget deficit and rising debt. Longer dated Treasury yields rose to the psychological 5% level for the first time since 2023. And in Washington, President Trump's giant tax and spending package has advanced through a key House Committee after facing hurdles last week. The bill still has to secure a full vote in the House before heading to the Senate, where it'll likely face fresh challenges. The package includes major spending increase for immigration enforcement and the military. It would also extend Trump's 2017 tax cuts, which are scheduled to expire at the end of this year. Nvidia CEO Jensen Huang, unveiling new products and a slew of announcements at the Computex conference in Taiwan. One of the most notable announcements, its new NVLink Fusion program, which will allow customers and partners to use non-Nvidia central processing units and graphics processing units together with Nvidia's products and its NVLink.
