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Oppenheimer says Meta's Muse Agent not a game changer

Financial markets displayed mixed to downward momentum across major asset classes during early trading. US equities faced selling pressure, as indicated by losses across major index-tracking funds: the SPDR S&P 500 ETF dropped 0.46% to 762.40, the SPDR Dow Jones Industrial Average ETF declined 0.75% to 524.07, and the Invesco QQQ Trust fell 0.29% to 716.31, with the NASDAQ 100 slipping 0.29% to 29,421.55. Consumer Discretionary and Industrials led S&P sector declines, dropping 1.34% and 1.51% respectively. Commodity markets exhibited sharp divergence as energy prices rallied while metals pulled back. WTI Crude oil surged 2.09% to $98.86 per barrel and Brent crude gained 1.86% to $104.49. Conversely, precious and industrial metals weakened, with Gold dropping 0.66% to $4,372.49, Silver retreating 2.53% to $65.62, and Copper plunging 4.19% to $6.49. In corporate actions, Cooper Companies tumbled 18.56% in pre-market action following a broker downgrade, while big tech components showed widespread minor declines across the market heatmap.

Category

Meta Platforms

Sentiment

Mixed

Event

Market data

Reading time

1 min