S&P 500 Futures Drop, Euro Gains as Moody’s Reviews U.S. Rating

U.S. stock-index futures fell and the euro strengthened against the dollar after Moody’s Investors Service said it may cut the American government’s Aaa credit rating.

Standard & Poor’s 500 Index futures expiring in September dropped 0.6 percent to 1,303.90 at 5:05 p.m. in New York. The euro climbed to $1.4203 from about $1.4167 before the Moody’s announcement.