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CoreWeave double downgrade, Amazon Prime Day spending decline

Yahoo Finance’s John Hyland takes a closer look at what’s driving US stock moves on Yahoo Finance’s Market Minute. US stocks (^DJI, ^GSPC, ^IXIC) are wavering as traders assess trade risk after President Trump said he will not extend the August 1 tariff deadline. CoreWeave (CRWV) was double downgraded on Wall Street after the company announced an all-stock deal with Core Scientific (CORZ), with both Mizuho and Stifel lowering their ratings to Neutral. Amazon (AMZN) saw a 14% decline in early hours sales during day one of its Prime Day event, according to data from Momentum Commerce. The company is also extending its event to four days from two last year. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance’s Market Minute.