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Story summary
- Meta Platforms launched the Muse personal AI agent, triggering a sell-off in consumer-inertia stocks.
- Meta’s shares jumped more than 11% after the launch, then slipped 0.6% the following day.
- S&P 500 Financials fell about 2% with JPMorgan, Wells Fargo and Morgan Stanley down over 3%, 3% and 2.9%.
- Semiconductor shares surged, lifting Nasdaq 0.45% to a record 27,244.28 as Micron rose 5% and SanDisk 7%.
