Afternoon Market Update: Meta AI Developments and Stock Price Target Adjustments Impact Portfolio Stocks
The S&P 500 and Nasdaq rose nearly 1% in afternoon trading as investors downplayed U.S.-Iran tensions. Meta Platforms initially dipped but recovered after unveiling its new Muse Park 1.1 model with API access, signaling a competitive move into commercial AI platforms. Cowen raised Cardinal Health's price target to $275 from $255 ahead of the company’s Q4 fiscal year earnings.
Topics: AI development APIs CNBC Investing Club Meta Platforms Nasdaq S&P 500