Stock Market Update

U.S. stock markets fell while Treasuries rose in the first few hours of trading on Monday, as world economies continue to adjust to the downgrade of U.S. credit rating on Friday by Standard & Poor's. Gold topped $1,700 an ounce.

Analysts say August is likely to be the worst month for the market since 2009. The S&P was down more than 40 points, the Dow Jones Industrial Average had fallen more than 350 points and the NASDAQ was down more than 100 points.