Meta Platforms has made a notable impact in the AI sector with the launch of its Muse model, which has quickly become the most downloaded free app on iOS, surpassing ChatGPT with over 730,000 downloads in just five days. This success has propelled Meta's stock to rise over 20% since the announcement, marking its best trading day in over a year.
The positive momentum in Meta's shares has also lifted the broader Magnificent Seven group of stocks, leading to record levels for the Roundhill Magnificent Seven ETF. Meanwhile, oil prices are rebounding after briefly falling below $100 a barrel, coinciding with significant diplomatic meetings at the UN General Assembly, including discussions between President Trump and various global leaders.
In corporate news, Novo's stock is under scrutiny following concerns about its growth strategy in the competitive weight-loss market. Additionally, soccer star Kylian Mbappé has ended his long-standing partnership with Nike to collaborate with Swiss brand On, signaling a shift in his career and the sportswear landscape