(Reuters) – The New York Stock Exchange opened down on Monday after the rating agency Moody’s lowered the credit note from the United States on Friday evening.

In the first exchanges, the Dow Jones index loses 305.94 points, or 0.72%, at 42,348.80 points and the Standard & Poor’s 500, wider, fell from 1.04% to 5,896.49 points.

The Nasdaq Composite gives in 1.38%, or 264.79 points, to 18,946.31 points.

At the start of a week rich in political and geopolitical events, investors digest data on Monday reflecting a slowdown in industrial production and retail sales in April in China.

The rating agency Moody’s lowered the credit note from the United States on Friday evening, calling into question the American fiscal policy after a week of prudent optimism among investors.

In addition, the ever -increasing American deficit remains at the center of concerns while the Donald Trump tax reduction project, blocked for several days by dissension within the Republican Party on Budget Cups, was approved on Sunday by a key congress commission.

“The opposite winds that blow on trade continue to make the markets volatile, but this morning, it is above all the degradation of the note from Moody’s that is causing attention,” said Ross Mayfield, investment strategist at Baird.

At the values, AMD lost 2.37% after accepting Monday to sell the manufacturing activity of infrastructure for ZT Systems data centers, recently acquired, in Sanmina for an amount of $ 3 billion.

Nvidia abandoned 1.68% in its wake.

Novavax advances by 26.62% after the American drug gendarme (FDA) approved the group’s vaccine against the COVVI-19, while limiting its use by the elderly and people over 12 with conditions which expose them to a high risk in the event of infection.

* For the values ​​to follow, click on [L8N3RR0FB]

(Written by Mara Vîlcu, edited by Kate Entringer)

Copyright © 2025 Thomson Reuters