11:36 AM EDT, 08/13/2025 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Wednesday, as investors have cemented their expectation of a Federal Reserve rate cut in September.

In company news, CoreWeave ( CRWV ) reported a Q2 loss late Tuesday of $0.60 per diluted share, narrowing from a loss of $1.62 a year earlier and missing the consensus for a GAAP loss of $0.52 as expected by analysts surveyed by FactSet. Second-quarter revenue was $1.21 billion, up from $395.4 million a year ago and above the FactSet consensus analyst estimate of $1.08 billion. CoreWeave ( CRWV ) shares were down 19% around midday.

Hillenbrand ( HI ) is working with an adviser to explore strategic options, including a potential sale, Bloomberg reported Wednesday, citing people familiar with the matter. Hillenbrand ( HI ) shares were up 12.7%.

Amazon.com ( AMZN ) said Wednesday it is expanding its same-day delivery service to include fresh groceries in more than 1,000 US locations aiming for over 2,3000 by the end of the year. The company said the service offers free delivery to Prime members for orders over $25 and paid options for smaller orders and for non-members. Amazon ( AMZN ) shares were up 1.4%, while those of other grocers fell following the news. Shares of Walmart ( WMT ) , Maplebear ( CART ) , Kroger ( KR ) , Albertsons ( ACI ) , Target ( TGT ) and Costco Wholesale ( COST ) were down 1.7%, 9.8%, 4.4%, 2.7%, 0.8% and 1.3%, respectively.

CAVA Group ( CAVA ) reported Q2 adjusted diluted EPS late Tuesday of $0.16, up from $0.14 a year earlier and above the FactSet consensus estimate of $0.13. Second-quarter revenue was $280.6 million, up from $233.5 million a year ago but below the FactSet consensus of $285.5 million. The company lowered its same-store sales growth outlook for 2025 to a range of 4% to 6% from 6% to 8%. CAVA ( CAVA ) shares were down 15.2%.

US authorities have been placing location tracking devices in select chip shipments to detect illegal diversion to China, Reuters reported Wednesday, citing sources with direct knowledge of the measure. Trackers have been used in shipments from Dell Technologies ( DELL ) and Super Micro Computer ( SMCI ) that include chips from Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ) , the report said, citing the sources.

Gildan Activewear ( GIL ) and Hanesbrands ( HBI ) said Wednesday they have signed a definitive merger agreement under which Gildan will acquire Hanes in a cash-and-stock deal worth about $2.2 billion in equity. Gildan shares were up 11.3%, while those of Hanes were up 5.3%.

Morgan Stanley initiated coverage of Paramount Skydance ( PSKY ) at underweight with a $12 price target, while Guggenheim initiated the stock at buy with a $13 price target. Paramount Skydance ( PSKY ) shares were up 23.3%.

Price: 120.50, Change: -28.25, Percent Change: -18.99