07:58 AM EDT, 05/19/2025 (MT Newswires) -- US equity futures were lower pre-bell Monday following the US credit downgrade by Moody's.

Dow Jones Industrial Average futures fell 0.7%, S&P 500 futures retreated 1.2%, and Nasdaq futures were down 1.6%.

Moody's on Friday lowered the country's credit rating to Aa1 from Aaa and changed its outlook to stable from negative.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.8% at $64.87 per barrel and US West Texas Intermediate crude 0.9% lower at $61.42 per barrel.

The index of leading economic indicators, slated for 10 am ET, is seen dropping by 0.7% for April to match March's decline, according to estimates compiled by Bloomberg.