Table of Contents

• S&P 500

• Meta

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Economy & Finance

S&P 500

The S&P 500 reached a new record high on Monday, closing at 5,718.57, as traders continued to build on last week’s momentum following the Federal Reserve’s decision to cut interest rates by 50 basis points, its first reduction in four years. The Dow Jones Industrial Average also hit a new peak, closing at 42,124.65, while the Nasdaq Composite edged up slightly to 17,974.27. The market gains come after a strong performance last week, spurred by optimism around the Fed's rate cut, despite some initial market volatility. Investors are closely monitoring upcoming economic data, particularly jobless claims, for further insights into the state of the economy and potential impacts on market stability.

Technology

Meta

Meta Platforms plans to unveil a new feature this week that will allow users to choose from celebrity voices, including Judi Dench, Kristen Bell, John Cena, Awkwafina, and Keegan-Michael Key, for its Meta AI chatbot. This announcement is expected at Meta's annual Connect conference, where the company will also discuss its augmented reality glasses and other hardware devices. The celebrity voice feature will initially launch in the U.S. and other English-speaking markets across Meta's apps, including Facebook, Instagram, and WhatsApp. This move is part of Meta's broader effort to enhance its AI products and compete with rivals like OpenAI and Google.

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