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It’s time for Yahoo! Finance’s market minute. Stocks waver after Moody’s downgrades the US government’s long-term credit rating. Investors also digesting developments and President Trump’s tariff talks. Tesla shares declined to start the week, the move lower likely tied to Xiaomi preparing to unveil its mid-size crossover EV that will go head-to-head with Tesla’s Model Y. News of a rival competitor in one of Tesla’s biggest markets weighing on the stock, as tech stocks also find themselves under pressure amid US economic and debt concerns. Apple and Alibaba shares trading lower following reports that the Trump administration is concerned about the AI deal between the two companies. Deal spring worries that it would help accelerate China’s artificial intelligence capabilities. And lastly, Reddit hit with a downgrade at Wells Fargo, lowering its rating on that stock from overweight to equal weight. Wells Fargo noting the threat of Google to likely soon integrate full AI search capabilities. And that’s your Yahoo! Finance market minute from what’s trending on Yahoo! Finance. Scan the QR code below.
