Dow Jones futures fell Monday morning, along with S&P 500 futures and Nasdaq futures after Moody's downgraded the U.S. sovereign debt rating on Friday.The stock market rally had a powerful week as the U.

Futures for the Dow Jones Industrial Average dropped 250 points, or 0.58%. S&P 500 futures slipped 0.6%, while Nasdaq futures fell 0.61%. The yield on the 10-year Treasury surged 4.6 basis point to 4.485% after Moody's downgraded the U.S. credit rating one notch late Friday to Aa1 from AAA, the highest grade.

Stock futures declined before the opening bell Monday after the U.S. credit rating was downgraded by Moody's Ratings on Friday. As of 8:30 a.m. EST, S&P 500 futures had shed 65 points, or 1.1%, while Dow Jones Industrial Average futures declined 252 points or 0.