Global shares slide and US futures and dollar drop after Moody’s downgrade of US credit rating

By JIANG JUNZHE, Associated Press
HONG KONG (AP) — Global shares fell Monday and U.S. futures and the dollar also weakened after Moody’s Ratings downgraded the sovereign credit rating for the United States because of its failure to stem a rising tide of debt.
The future for the S&P 500 lost 1.2% while that for the Dow Jones Industrial Average fell 0.8%. The U.S. dollar slipped to 144.92 Japanese yen from 145.65 yen. The euro advanced to $1.1254 from $1.1183.
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