S&P 500 Futures Fall on Credit Downgrade as Bitcoin Tests $107K

• SP 500 futures fall after U.S. downgrade
• Bitcoin retests $107 region
• Trump pressures Walmart, escalating trade tensions

Futures on major U.S. stock exchanges fell late Sunday in direct response to Moody's downgrade of the United States' credit rating. The SP 500 and Nasdaq 100 both fell 0,7%, while the Dow Jones Industrial Average fell more than 250 points in the same period.

Moody's cut its long-term credit rating on the U.S. to Aa1 from Aaa, citing widening fiscal deficits and the rising cost of refinancing debt amid high interest rates. The decision brings Moody's in line with Fitch and SP, which have previously cut the top rating.

That move interrupted last week's positive streak, when U.S. indexes rose after news of a temporary tariff truce between the U.S. and China. The Nasdaq gained more than 7%, while the SP 500 and Dow Jones closed the week with gains of 5% and 3%, respectively.

President Donald Trump has once again criticized large corporations on social media, directing his words at Walmart. He said the company should “swallow the tariffs,” in a new offensive against companies that pass on the costs of tariff policies to consumers. Trump’s stance comes after similar clashes with other giants, such as Amazon.

In the cryptocurrency sector, Bitcoin was trading above $107.100 on Sunday, but lost strength soon after. The cryptocurrency fell again to the $105 region in the following hours. Despite the correction, the asset still registered an appreciation of 1,7% in the last 24 hours, according to updated market data.

With the week's economic calendar more empty, investors are closely watching industrial data and developments on the Republican fiscal plan, which is facing internal resistance.