Meta Platforms, Inc.

$META

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401 stories mentioning Meta Platforms, Inc.Updated 18h ago

Meta is adding AI-powered search ('AI Mode') and new creative editing tools to Facebook, drawing on public posts across its apps.

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US Markets23h ago

Stocks Fall Pre-Bell Amid AI Safety Warnings; Investors Await Fed Rate Decision

The benchmark US stock measures were tracking in the red before the opening bell Monday as traders assess warnings from leading artificial intelligence executives about the rapid pace of AI developments and await a major policy decision by the Federal Reserve later in the week.The S&P 500 declined 0.8%, the Dow Jones Industrial Average decreased 0.3%, and the tech-heavy Nasdaq fell 1.8% in premarket activity. All three main indexes finished Friday trading higher, snapping a four-day losing streak.Dario Amodei, chief executive of AI chatbot Claude maker Anthropic, called on the industry Saturday to slow the pace at which it advances AI model capabilities. His three-step plan for ensuring that safety measures keep pace with advances in AI model capabilities includes placing independent evaluators inside leading AI companies with "employee-like access."OpenAI CEO Sam Altman and Tesla (TSLA) and SpaceX (SPCX) CEO Elon Musk supported Amodei's call in posts on X.Shares of Nvidia (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), SanDisk (SNDK), Intel (INTC) and Qualcomm (QCOM) were down pre-bell. Shares of AI hyperscalers including Microsoft (MSFT), Alphabet (GOOG, GOOGL), Amazon (AMZN) and Meta Platforms (META) also dropped.With no major economic reports scheduled for Monday, traders will focus on the Fed's monetary policy committee meeting scheduled for Tuesday, with a decision on interest rates due the following day. Markets are currently pricing in an 87% probability that the central bank will hike its benchmark lending rate by 25 basis points, with the remaining odds in favor of another Fed pause.In remarks emailed toon Friday, Oxford Economics said it "expects a third consecutive set of moderate inflation readings to tip a narrow majority towards holding rates," although "rising oil prices and still-elevated inflation make a risk-management case for a hike."Last week, official data showed that US consumer inflation hit a three-month high in August as energy prices rose, while the core measure unexpectedly accelerated.Treasury yields were down, with the two-year rate retreating 1.8 basis points to 4.63% while the 10-year rate was off 1.6 basis points to 4.96%.West Texas Intermediate crude oil rose 2.6% to $102.66 a barrel, while Brent gained 2.7% to $107.38.A diplomatic meeting between Iran and several Gulf states to discuss the future of the Strait of Hormuz has been called off, following Yemen's Iran-aligned Houthis' attack on a military airbase in Saudi Arabia, Reuters reported. The meeting was scheduled for Monday.Saudi Arabia's Energy Ministry said Friday that the kingdom shut down its key East-West crude oil pipeline in the Riyadh and Madinah regions as a precautionary measure a day after the facility was targeted in multiple attacks. The pipeline closure leaves the Strait of Hormuz as the kingdom's only route for moving large volumes of crude westward, according to Rystad Energy.Gold slipped 1.9% to $4,327 per troy ounce, while bitcoin edged 0.9% higher to $77,992.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$GOOG$GOOGL$INTC$META$MSFT$MU$NVDA$QCOM$SNDK$SPCX$TSLA

US Markets1d ago

Major Tech Stocks Fall as AI Leaders Warn of Risks From Rapid Advances

Shares of major technology companies fell early Monday after leading artificial intelligence executives warned of increasing safety risks and urged the industry to advance AI model capabilities at a more measured pace.Anthropic Chief Executive Dario Amodei called on the industry to slow the pace at which it advances AI model capabilities in an essay published on his personal website Saturday. Addressing the technology's risks requires greater caution, and capabilities should advance at a pace that gives risk-prevention efforts time to keep up, he said."Since roughly this summer, AI has been advancing drastically faster, driven primarily by AI's growing ability to build the next generation of AI," Amodei said. "Left unchecked, it could outrun our ability to understand and control these systems, and so must be pursued very carefully, if at all."Shares of Nvidia (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), SanDisk (SNDK), Intel (INTC) and Qualcomm (QCOM) were all trending lower in the most recent premarket activity. Shares of major technology companies investing heavily in AI infrastructure, including Microsoft (MSFT), Alphabet (GOOG, GOOGL), Amazon (AMZN) and Meta Platforms (META), also fell.OpenAI CEO Sam Altman supported Amodei's call. "I agree with Dario that we need to pace the frontier," Altman said in a Saturday post on X."We could lose control of the future to AI," Altman wrote separately in a latest post on X, explaining the potential negative consequences of AI progress. "This is unacceptable; we are unapologetically on Team Humanity, and AI must always serve people. To ensure that, we need ways to ensure that alignment and safety techniques stay ahead of progress in model capabilities."Tesla (TSLA) and SpaceX (SPCX) CEO Elon Musk also endorsed Amodei's call, writing on X, "Dario is right."In an interview with Fortune published over the weekend, Altman said OpenAI will not go public this year due to AI safety concerns. Earlier this year, OpenAI and Anthropic confidentially filed for their potential initial public offerings in the US.Amodei proposed a three-step plan to temper AI development without "sacrificing commercial advantage or the United States' lead in AI." The plan calls for placing independent evaluators inside leading AI companies, establishing common safety standards across the industry and coordinating safeguards among governments worldwide.Meanwhile, President Donald Trump on Sunday pushed back on concerns surrounding AI risks. "I think you have a lot of very negative forces that are bringing it up that shouldn't be bringing it up and they're bringing up things that won't happen," Trump told reporters, according to a Reuters report.Trump also reportedly said that the US is "leading China" in the AI industry and that he would like to "keep it that way because whoever wins AI wins."Last month, cybersecurity company CrowdStrike (CRWD) lifted its full-year net new annual recurring revenue, or ARR, outlook amid increasing demand for solutions to address AI risks.Palo Alto Networks (PANW) CEO Nikesh Arora said during an earnings call earlier this month that he expected AI tailwinds driving cybersecurity demand to intensify in the future.Concerns about AI safety intensified last week after Jacob Coxon, an AI researcher at Anthropic, announced that he was leaving the company and warned that leading AI developers were racing to build self-improving systems they might not be able to control.

$AMD$AMZN$CRWD$GOOG$GOOGL$INTC$META$MSFT$MU$NVDA$PANW$QCOM$SNDK$SPCX$TSLA

Insider Trading1d ago

Meta Platforms Insider Sold Shares Worth $13,005,575, According to a Recent SEC Filing

Christopher K Cox, Chief Product Officer, on September 09, 2026, sold 20,000 shares in Meta Platforms (META) for $13,005,575. Following the Form 4 filing with the SEC, Cox has control over a total of 299,562 Class A common shares of the company, with 299,562 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1326801/000095010326013860/xslF345X05/ownership.xml

$META

US Markets3d ago

Meta Muse Personal AI Agent Promising, But Near-Term Monetization Potential Likely Limited, Wedbush Says

Meta Platforms' (META) Muse consumer agent marks progress in the company's artificial intelligence strategy, though it's unlikely to offer a "material" financial boost in the near term, Wedbush Securities said Friday.The technology giant released the personal AI agent earlier this week. Muse is capable of proactively helping with personal goals and offers customized suggestions while interacting in conversational language for users' convenience.The agent is available for free with a usage limit. The company is offering paid tiers at $20 and $100 per month with weekly caps of 500 million and 3 billion tokens, respectively, according to data available on its website."Meta's Muse consumer AI agent is a key step forward on AI product execution, but material financial impact is still under progress," Wedbush analysts Ygal Arounian and Chase Tohanczyn said in a note to clients Friday.Muse was the second-most downloaded app on the US App Store as of Thursday with about 83,000 downloads, behind OpenAI's ChatGPT, which crossed 500,000 downloads, according to Wedbush. While the initial response to Muse has been promising, the brokerage said it sees consumer uptake over the next several quarters as "the key variable in sizing" the agent's impact in the long term.Wedbush expects Muse subscription revenue to reach roughly $5 billion in 2027, representing about 1.5% of its total top-line forecast, based on adoption in select global markets. The brokerage's base-case scenario sees Muse AI adoption in the US and Canada creating a $3.3 billion opportunity for the company. In Europe, that opportunity is seen reaching $2.1 billion, according to the note.In addition to subscriptions, the company could monetize Muse via advertising revenue and payments take rate, Wedbush said. In the near term, the brokerage continues to expect that Meta will prioritize compute internally versus selling excess capacity externally as it looks for signals on other AI monetization levers for the company."We currently view the Meta Business AI revenue opportunity as limited near-term, with the product reaching only ($1 billion) in incremental revenue at our base scenario, an implied upside of 0.2% to our (2027/2028) total revenue estimates," Arounian and Tohanczyn said.Wedbush raised its price target on the Meta stock to $650 from $595 while remaining neutral rated."While moving in the right direction, we look for more consistent signals that AI investment/(capital expenditure return on invested capital) can see more meaningful levers," the analysts wrote.In late July, Meta provided a soft third-quarter revenue outlook following an unexpected year-over-year decline in quarterly earnings. The company raised the lower end of its capital expenditure guidance at the time.Price: $650.48, Change: $+6.10, Percent Change: +0.95%

$META

Wire3d ago

Meta Muse Monetization Seen Limited Near Term, Wedbush Says

Meta Platforms (META) Muse consumer AI agent is an interesting development at the intersection of AI and commerce, but management views the personal AI agent as a longer-term monetization opportunity, Wedbush Securities said in a note Friday.The investment firm estimates Muse subscriptions could generate about $5 billion in 2027, or roughly 1.5% of its total revenue estimate.Early adoption has been constructive, with Muse ranking No. 2 among the most downloaded apps on the US App Store, although the product is brand-new and will require consumer education and product-market fit.The brokerage sees additional potential from advertising, payments and Business AI, but said it is too early to assign estimates to advertising and payments. AI model improvements and potential API licensing could provide additional monetization opportunities over time.Wedbush maintained a neutral rating and raised its price target to $650 from $595.Price: $648.83, Change: $+4.45, Percent Change: +0.69%

$META

Wire3d ago

Update: Wedbush Adjusts Price Target on Meta Platforms to $650 From $595, Keeps Neutral Rating

(Updated to include Wedbush commentary)Wedbush raised its price target on Meta Platforms (META) to $650 from $595 following the company's release of its AI agent Muse earlier this week.According to the brokerage, the consumer AI agent is a key step forward on AI product execution, but establishing product-market fit will take time, as this is a brand-new-to-world product that requires educating consumers on what an agent can do for them.The brokerage estimates Muse subscriptions can be around $5 billion in 2027, representing roughly 1.5% of its total revenue estimate. For Business AI, its base case 2027 revenue estimate stands at around $1B.Meta Platforms has an average rating of buy and mean price target of $748.72, according to analysts polled by FactSet.Price: $652.20, Change: $+7.82, Percent Change: +1.21%

$META

Wire3d ago

Wedbush Adjusts Price Target on Meta Platforms to $650 From $595, Keeps Neutral Rating

Meta Platforms (META) has an average rating of buy and mean price target of $748.72, according to analysts polled by FactSet.Price: $651.15, Change: $+6.77, Percent Change: +1.05%

$META

Wire3d ago

Market Chatter: Meta Speaking With European Bond Investors

Meta Platforms (META) has been speaking with credit investors in Europe as part of a so-called non-deal roadshow for at least a week, as it looks to tap non-dollar debt markets for the first time, Bloomberg reported Friday, citing people familiar with the matter.No timetable was given with respect to the widely expected bond sale, the report said, citing the people.Meta didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $653.32, Change: $+8.94, Percent Change: +1.39%

$META

Wire3d ago

Meta Speaking With European Bond Investors, Bloomberg Reports

$META

Insider Trading4d ago

Meta Platforms Insider Sold Shares Worth $3,301,175, According to a Recent SEC Filing

Javier Olivan, Chief Operating Officer, on September 08, 2026, sold 5,354 shares in Meta Platforms (META) for $3,301,175. Following the Form 4 filing with the SEC, Olivan has control over a total of 103,528 Class A common shares of the company, with 11,662 shares held directly and 91,866 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1326801/000095010326013794/xslF345X05/ownership.xml

$META

Wire4d ago

Meta Platforms' Weak Trust Score Could Limit Muse Adoption, Oppenheimer Says

Meta Platforms' (META) Muse personal AI agent received positive investor feedback, but the company's weak trust score could limit its adoption by consumers, Oppenheimer said in a note Wednesday.The investment firm said it believes not enough consumers would be willing to pay for Muse and that paying users already subscribe to Gemini or ChatGPT. Muse is not as useful without full password sharing for e-commerce and online services, but not enough consumers trust Meta with passwords, according to the note.Citing its US consumer survey, Oppenheimer said only 8% of the respondents said they would trust Meta with passwords, compared with 30%, 23%, and 16% for Google, Apple and ChatGPT, respectively.Justifying the 20% earnings per share upside requires approximately $22 billion in incremental operating income, or $27.5 billion AI agent revenue assuming an 80% incremental margin, the investment firm said. At $20 per month, Meta would need 115 million paying subscribers for Muse, compared with 33 million to 88 million for ChatGPT, the firm added.Oppenheimer reiterated its perform rating on Meta Platforms.Price: $653.62, Change: $-0.07, Percent Change: -0.01%

$META

Wire4d ago

Alphabet's TPU Sales Could Drive Significant Google Cloud Upside, Oppenheimer Says

Alphabet's (GOOG, GOOGL) tensor processing unit opportunity could drive substantial upside to Google Cloud revenue and earnings through 2028, Oppenheimer said in a report emailed Thursday.The firm forecasts about 6.6 gigawatts of external TPU sales through 2028, representing roughly $170 billion in "cumulative incremental" revenue that is not reflected in current Wall Street estimates. The projections imply Google Cloud revenue could be 15% above consensus in 2027 and 30% above in 2028, with "consolidated" earnings per share potentially 4% and 18% above consensus, respectively, according to the report.Oppenheimer raised Google Cloud revenue estimates to $120.4 billion for 2026, $203 billion for 2027 and $322.7 billion for 2028. Google Cloud operating profit was projected at $39.9 billion, $68.5 billion and $117.1 billion, respectively, according to the report.The firm also said an artificial intelligence survey showed Google remains "in lead position" with consumers. Gemini ranked as the second-most-used AI service behind Microsoft-backed (MSFT) OpenAI's ChatGPT, while respondents were about four times more likely to trust Google than Meta Platforms (META) "with passwords," a potentially important advantage for AI-driven commerce.Oppenheimer reiterated an outperform rating on Alphabet with a price target of $400.Price: $330.35, Change: $-0.30, Percent Change: -0.09%

$GOOG$GOOGL$META$MSFT

US Markets5d ago

Stocks Mostly Up Pre-Bell Ahead of Producer Prices Report

The main US stock measures were mostly pointing higher in Thursday's premarket activity as traders await last month's wholesale inflation data.The S&P 500 edged up 0.1%, and the Dow Jones Industrial Average increased 0.2% before the opening bell, while the Nasdaq was down 0.2%. The indexes closed Wednesday trading in the red for the third consecutive session.Last month's producer price index, a measure of wholesale prices, is scheduled to be released at 8:30 am ET. Official data is expected to show that producer prices rose 0.4% and 5.3% in August on sequential and annual bases, respectively, according to a Bloomberg-compiled consensus.The consumer price index for August is scheduled for release on Friday.Federal Reserve Chair Kevin Warsh said late last month that the central bank should focus on its price stability mandate, in what came across as hawkish remarks amid concerns among other Fed officials over elevated inflation."Rising oil prices raise the risk of further inflationary pressures coming down the pipeline, increasing the argument for the (Federal Reserve) to act sooner than later," Stifel Chief Economist Lindsey Piegza said Wednesday in a report e-mailed to.Markets are pricing in a 61% probability that the Fed will raise the benchmark lending rate by 25 basis points, according to the CME FedWatch tool.Treasury yields were trending upwards, with the two-year rate rising 1.3 basis points to 4.44% and the 10-year rate adding 1.9 basis points to 4.86%.On Wednesday, the US Treasury Department disclosed a plan to repurchase up to $6 billion in longer-term government bonds, triple the amount initially outlined to investors. Last month, the Treasury announced it was upsizing its liquidity support buyback operations for longer-dated securities by "at least double" to $4 billion per operation.West Texas Intermediate crude oil rose 1.5% to $97.52 a barrel, while Brent moved up 1% to $102.18.President Donald Trump warned Iran against activity at a suspected nuclear site on Pickaxe Mountain, CNBC reported. "We notice there's a little activity at Pickaxe," Trump reportedly said Wednesday. "I would advise Iran not to get cute because we will have to hit them very hard."Iran reportedly said Wednesday it attacked 10 ships near the Strait of Hormuz. The attacks followed American forces destroying five Iranian crude oil carriers in response to Tehran firing ballistic missiles at a US navy warship.Trump's top administration advisers have raised privately the prospect of the Iran war dragging on through the remainder of his term, The Wall Street Journal reported.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am, followed by the existing home sales report for August at 10 am. The weekly EIA domestic petroleum inventories report is out at 12 pm.Shares of Apple (AAPL) gained 1.2% pre-bell as the technology giant unveiled its first foldable smartphone on Wednesday. Meta Platforms (META) added 1.3% after finishing the previous trading session up 6.6%.AeroVironment (AVAV) spiked 6.5% while American Eagle Outfitters (AEO) dropped 12% after reporting their latest financial results.Oracle (ORCL), Adobe (ADBE), Copart (CPRT) and RH (RH) are expected to release their quarterly earnings after the markets close. Macy's (M) posts its results before the bell.Gold nudged down 0.5% to $4,438 per troy ounce, while bitcoin dipped 0.6% to $77,915.

Dow JonesNasdaq CompositeS&P 500$AAPL$ADBE$AEO$AVAV$CPRT$M$META$ORCL$RH

Research5d ago

JPMorgan Upgrades Meta Platforms to Overweight From Neutral, Adjusts PT to $820 From $640

Meta Platforms (META) has an average rating of buy and mean price target of $748.72, according to analysts polled by FactSet.

$META

Asia Markets5d ago

Update: US Equity Indexes Fall as Treasury Yields Rise After Bessent Triples Size of Buyback Program, Worsening Iran War Sends Brent Crude Above $100

(Updates with index/price moves, macroeconomic data, comments, and company/geopolitical news from the first paragraph.)US equity indexes slid as government bond yields jumped after the Treasury Department unveiled plans to triple government debt buybacks to as much as $6 billion and after Brent crude oil futures surpassed $100 a barrel.The Nasdaq Composite declined 0.6% to 26,253.34, the S&P 500 retreated 0.5% to 7,636.36, and the Dow Jones Industrial Average dropped 0.8% to 52,380.66 on Wednesday. All sectors except energy fell, with consumer discretionary, real estate, industrials and utilities among the steepest decliners.Iran is ready for a more intense war and will escalate counterstrikes if the US continues attacking its territory and infrastructure, Bloomberg reported, citing a senior official from the Islamic Republic. Tehran has no intention of backing down in the face of an American naval blockade and attacks on its oil tankers, the official told the news outlet.The Iranian Revolutionary Guard Corps plans to declare a restricted zone stretching from Chabahar into parts of the Gulf of Oman and the Arabian Sea, Al Jazeera, a Middle Eastern broadcaster, reported. Any vessel entering this area will face sanctions, it said. The Strait of Hormuz accounted for about a fifth of global oil and gas flow daily before the Iran war.Iran said it attacked 10 ships near the Strait of Hormuz after the US sank five of Tehran's oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war, Reuters reported.The front-month US West Texas Intermediate crude oil contract surged 3.6% to $96.39 per barrel, and global benchmark North Sea Brent soared 3.5% to $101.34 per barrel.The Treasury Department plans to buy back up to $6 billion of government debt, CNBC reported. The move triples the normal buyback operation, following an announcement Aug. 19 from Treasury Secretary Scott Bessent saying the department would at least double the normal amount for already issued securities.As longer-maturity bond yields rise, governments are taking steps to adjust issuance of longer-dated securities, according to Goldman Sachs. The US Treasury said last month it plans to increase buybacks of Treasuries with a maturity of 10 years or more, reducing the maturity profile of US debt stock. Shorter-maturity issuance will finance the buybacks."It's an effective reduction in the average maturity of issuance," Goldman's George Cole, head of European rates strategy, said in a webinar. "That in and of itself isn't sufficient to change the yield level."Most US Treasury yields rose, with the 10-year yield up 3.7 basis points to 4.84%, close to its highest since late 2023.In company news, Meta Platforms (META) launched a new personal artificial intelligence agent called Muse AI, which can send emails, book travel plans, take on goals, and continue working after users close the app. Shares advanced 6.6%, among the top gainers on the S&P 500 and the Nasdaq.Casey's General Stores (CASY) fiscal Q1 same-store sales growth slowed and missed Wall Street estimates, taking the shine off earnings and revenue beats. Shares sank 14%, the steepest decliner on the S&P 500.In economic news, Redbook US same-store sales surged 8.3% from a year earlier in the week ended Sept. 5, after a 9.6% year-over-year increase in the previous week.Gold futures were steady at $4,442.4, and silver futures jumped 1.3% to $67.87.

Dow JonesNasdaq CompositeS&P 500$CASY$META

US Markets5d ago

Update: Wall Street Extends Losing Streak to Third Day Amid Middle East Tensions

(Updates with market moves at the end of the day, and other changes, if any.)US stocks fell for the third straight session on Wednesday as heightened Middle East tensions sent oil prices higher, fanning inflation fears ahead of next week's Federal Reserve policy meeting.The Dow Jones Industrial Average closed 0.8% lower at 52,380.66, while the Nasdaq Composite shed 0.6% to 26,253.34. The S&P 500 dropped 0.5% to 7,636.36.Except energy, all sectors ended in the red, led by industrials.Global oil price benchmark Brent was up 3.6% at $101.45 a barrel in Wednesday late-afternoon trade, breaching the $100 threshold for the first time since late July. West Texas Intermediate climbed 3.9% to $96.64.Iran said Wednesday it attacked 10 ships near the Strait of Hormuz -- a key crude and energy chokepoint, Reuters reported. Tehran reportedly launched ballistic missiles at a base used by US forces in Jordan.That followed American forces destroying five Iranian crude oil carriers in response to Tehran firing ballistic missiles at a US navy warship, the US Central Command said Tuesday.Yemen's Iran-allied Houthi group said Wednesday that Saudi-backed forces launched airstrikes overnight across four Yemeni provinces, the Associated Press reported. The Houthis previously struck civilian and economic sites in Saudi Arabia on Tuesday, including Saudi Aramco's facilities."Together, these developments point to continued supply tightness and an elevated risk of further price gains," Saxo Bank said Wednesday in a report.The average diesel price in the US hit a fresh record high at $5.9424 per gallon, up from Tuesday's $5.9012, according to data from AAA, a travel organization that tracks fuel prices in the world's biggest economy. The regular gas price rose to $4.2245 per gallon from $4.1514.The upward pressure on energy prices comes as markets await a new set of inflation data, with a report on wholesale prices for August due on Thursday, to be followed by consumer inflation numbers for the same month on Friday.Fed Chair Kevin Warsh said late last month that the central bank should focus on its price stability mandate, in what came across as hawkish remarks amid concerns among other Fed officials over elevated inflation."Rising oil prices raise the risk of further inflationary pressures coming down the pipeline, increasing the argument for the (Federal Reserve) to act sooner than later," Stifel Chief Economist Lindsey Piegza said Wednesday in a report e-mailed to.Markets are pricing in a 60% probability that the Fed will raise the benchmark lending rate by 25 basis points at next week's policy meeting, with the remaining odds pointing to another Fed pause, according to the CME FedWatch tool.Treasury yields were higher, with the 10-yield yield up 3.7 basis points at 4.84% and the two-year yield rising 2.9 basis points to 4.43%.The 10-year rate hit the highest level since November 2023 on Wednesday, CNBC reported, even as the US Treasury Department announced a plan to repurchase up to $6 billion in longer-term government bonds, triple the amount initially outlined to investors.Last month, the Treasury announced it was upsizing its liquidity support buyback operations for longer-dated securities by "at least double" to $4 billion per operation.Casey's General Stores (CASY) shares slid 14%, the worst performer on the S&P 500, as the convenience store operator's fiscal first-quarter same-store sales growth missed Wall Street's estimates, even though earnings and revenue topped expectations.Meta Platforms (META) has launched a new personal artificial intelligence agent called Muse AI, which can send emails, book travel plans and continue working after users close the app. Meta shares jumped 6.6%, the second-biggest gain on the S&P 500.Spot gold gained about 1% to $4,397.45 per troy ounce, while silver advanced 1.3% to $67.86 per ounce.

Dow JonesNasdaq CompositeS&P 500$CASY$META

Japan5d ago

US Equity Markets End Lower as Crude Oil, Government Bond Yields Rise

US equity indexes ended lower Wednesday after crude oil climbed and government bond yields rose despite the US Treasury Department's move to triple government debt buybacks to as much as $6 billion.* Iran is prepared for a more intense phase of the war and will increase counterstrikes if the US attacks on its territory and infrastructure continue, Bloomberg reported, citing a senior official from the Islamic Republic.* Redbook US same-store sales last week surged 8.3% from a year earlier after a 9.6% increase in the previous week.* October West Texas Intermediate crude oil rose $3.45 to settle at $96.48 per barrel, while November Brent crude, the global benchmark, was last seen up $3.39 at $101.31.* Casey's General Stores (CASY) shares fell 14%, the steepest drop on the S&P 500, after fiscal Q1 same-store sales growth slowed and missed Wall Street estimates, even though earnings and revenue topped expectations.* Meta Platforms (META) shares rose 6.6%, the second-biggest gain on the S&P, after the company launched a new personal AI agent called Muse AI, which can send emails, book travel plans, and continue working after users close the app.

Dow JonesNasdaq CompositeS&P 500$CASY$META

Sectors5d ago

Sector Update: Tech Stocks Ease Late Afternoon

Tech stocks eased late Wednesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) little changed after erasing earlier gains and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 0.2%.The Philadelphia Semiconductor index rose 0.2%.In corporate news, Apple (AAPL) introduced iPhone Duo, its first foldable iPhone, featuring a 7.6-inch inner display and 5.4-inch outer display, both using Super Retina XDR technology. Apple shares fell 0.2%.Dell Technologies (DELL) is set to raise $5 billion via an investment-grade bond sale that attracted about $23 billion in peak orders, Bloomberg reported. Dell shares were little changed.Meta Platforms (META) launched a new personal AI agent called Muse AI, which can send emails, book travel plans, and continue working after users close the app. Meta shares jumped 6.4%.Analog Devices (ADI) agreed to buy Alif Semiconductor for $1.35 billion in cash to add AI-native microcontrollers and fusion processors. Analog Devices shares eased 0.1%.

$AAPL$ADI$DELL$META

US Markets5d ago

Update: Equities Fall, Brent Tops $100 as Middle East Conflict Escalates

(Updates with latest market prices and developments.)US benchmark equity indexes fell intraday as global oil price benchmark Brent broke past $100 per barrel amid heightened tensions in the Middle East.The Nasdaq Composite was down 0.6% at 26,263.1 after midday Wednesday, while the Dow Jones Industrial Average declined 0.5% to 52,518.2. The S&P 500 dropped 0.4% to 7,645.9. The indexes finished Tuesday trading lower for the second consecutive session.Except energy, all sectors were in the red intraday Wednesday, led by utilities and consumer discretionary.Brent crude was up 2.6% at $100.46 a barrel, breaching the $100 threshold for the first time since late July. West Texas Intermediate climbed 2.5% to $95.34.Iran said Wednesday it attacked 10 ships near the Strait of Hormuz -- a key crude and energy chokepoint, Reuters reported. Tehran reportedly launched ballistic missiles at a base used by US forces in Jordan.That followed American forces destroying five Iranian crude oil carriers in response to Tehran firing ballistic missiles at a US navy warship, the US Central Command said Tuesday.Yemen's Iran-allied Houthi group said Wednesday that Saudi-backed forces launched airstrikes overnight across four Yemeni provinces, the Associated Press reported. The Houthis previously struck civilian and economic sites in Saudi Arabia on Tuesday, including Saudi Aramco's facilities."Together, these developments point to continued supply tightness and an elevated risk of further price gains," Saxo Bank said Wednesday in a report.Treasury yields were higher intraday, with the 10-yield yield up 2.9 basis points at 4.83% and the two-year yield rising 2.5 basis points to 4.42%. CNBC reported that the 10-year rate hit the highest level since November 2023 on Wednesday despite the Treasury Department's move to boost its debt buyback plan to up to $6 billion.Last month, the Treasury announced that it would at least double the size of its buybacks for longer-dated Treasuries, to $4 billion per operation.Casey's General Stores (CASY) shares were down nearly 16% intraday, the worst performer on the S&P 500, as the convenience store operator's fiscal first-quarter same-store sales growth missed Wall Street's estimates, even though earnings and revenue topped expectations.Meta Platforms (META) has launched a new personal artificial intelligence agent called Muse AI, which can send emails, book travel plans and continue working after users close the app. Meta shares were up 6%, the second-biggest gain on the S&P 500.Spot gold gained 1.4% to $4,417.29 per troy ounce, while silver advanced 2.8% to $68.89 per ounce.

Dow JonesNasdaq CompositeS&P 500$CASY$META

Asia Markets5d ago

Update: US Equity Indexes Drop as Crude Oil Tops $100 Mark Amid Worsening Iran War, Yields Surge After Treasury Triples Government-Debt Buybacks

(Updates with index/price moves, macroeconomic data, comments and company/geopolitical news from the first paragraph.)US equity indexes slid after Brent crude oil futures crossed $100 a barrel and a surge in government bond yields wiped the shine off the Treasury Department's move to triple government debt buybacks to as much as $6 billion.The Nasdaq Composite declined 0.6% to 26,260.2, the S&P 500 retreated 0.4% to 7,641.5, and the Dow Jones Industrial Average dropped 0.5% to 52,522.6 after midday Wednesday. All sectors except energy fell, with consumer discretionary, real estate, industrials and utilities among the steepest decliners.The Iranian Revolutionary Guard Corps plans to declare a restricted zone stretching from Chabahar into parts of the Gulf of Oman and the Arabian Sea, Al Jazeera, a Middle Eastern broadcaster, reported. Any vessel entering this area will face sanctions, it said. The Strait of Hormuz accounted for about a fifth of global oil and gas flow daily before the Iran war.Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the US sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war, Reuters reported."Oil prices will be higher for longer with no end in sight for what remains Iran's strategy of managed irresolution through US midterms," Derek Holt, the head of capital market economics at Scotiabank, said in a note.The front-month US West Texas Intermediate crude oil contract surged 2.9% to $95.68 per barrel, and global benchmark North Sea Brent soared 2.8% to $100.68 per barrel.The Treasury Department plans to buy back up to $6 billion of government debt, CNBC reported. The move triples the normal buyback operation, following an announcement Aug. 19 from Treasury Secretary Scott Bessent that the department would at least double the normal amount for already-issued securities.Most US Treasury yields rose, with the two-year up 2.5 basis points to 4.42%. The 10-year yield jumped 3.1 basis points to 4.84%, trading close to its highest since late 2023.Treasury yields rose despite the increased buyback announcement, as some on Wall Street expect even bigger repurchases, according to CNBC.Gold futures rose 0.6% to $4,464.00, and silver futures jumped 2.8% to $68.90.In company news, Meta Platforms (META) launched a new personal artificial intelligence agent called Muse AI, which can send emails, book travel plans, take on goals, and continue working after users close the app. Shares advanced 6.2%, among the top gainers on the S&P 500 and the Nasdaq.Casey's General Stores (CASY) fiscal Q1 same-store sales growth slowed and missed Wall Street estimates, taking the shine off earnings and revenue beats. Shares sank more than 15%, the steepest decliner on the S&P 500.In economic news, Redbook US same-store sales surged 8.3% from a year earlier in the week ended Sept. 5, after a 9.6% year-over-year increase in the previous week.

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