Wall Street Closes Mixed as Meta Rises on New AI Model, Tech Stocks Fall

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Wall Street Closes Mixed as Meta Rises on New AI Model, Tech Stocks Fall
Photo: Yuki Iwamura/AP/TT

When the New York Stock Exchange closed, the Dow Jones Industrial Average was up 0.4 percent, the broad S&P 500 was little changed and the technology-heavy Nasdaq Composite had fallen just under 0.4 percent.

Chipmaker Micron Technology fell 3.9 percent, while Nvidia fell 1.3 percent.

Meta rose 3.4 percent after launching a new AI model, Muse Wonder, which the Facebook owner says can compete with OpenAI’s ChatGPT and Anthropic’s Claude.

Oil prices continued to rise on Monday amid continued unrest in the Middle East and new Russian attacks on Ukraine, contradicting Donald Trump’s claim that Russia had agreed to a ceasefire on attacks against energy facilities.

A barrel of North Sea oil (Brent) cost $106.30 on Monday evening.

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TT News AgencyT
By TT News Agency. English edition by Sweden Herald, adapted for our readers

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