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U.S. steel downgraded to neutral, Spirit Airlines downgraded to equal-weight

U.S. steel is under pressure after JPMorgan downgraded the stock. Spirit Airlines is also facing pressure after being downgraded to equal-weight at Stephens. Chewy is seeing a stock bump after the company was upgraded to buy at Nomura Instinet. Yahoo Finance's Ines Ferre breaks down the market action live from the NYSE.