All three major U.S. stock market indexes rose Monday afternoon, following an earlier selloff sparked by long-dated Treasury yields surpassing the 5% mark after the financial ratings agency Moody’s downgraded the U.S. government’s credit rating late last week, citing rising debt and interest payment ratios.

Treasury yields rose and U.S. stock futures slipped with the dollar on Monday due to concerns about U.S. debt and rising deficits after Moody's downgraded its sovereign credit rating late on Friday. European and Asian shares also fell as a mixed bag of Chinese data showed the economy there was struggling,