Meta’s Muse Drags Down Stocks That Depend on ‘Consumer Inertia’

(Bloomberg) -- Shares of major banks, insurers and online travel agencies slid on Tuesday as investors fear that tools like Meta Platforms Inc.'s personal AI agent could disrupt businesses that benefit from so-called consumer inertia, the tendency to keep buying something out of habit even when a better alternative exists. Most Read from Bloomberg Paramount to Settle Lawsuits, Paving Way for Warner Bros. Nvidia's Stock Is Flashing a Warning Sign as Valuation Drops Qatar Energy Chief Says Bessent 'Wrong' About Hormuz Future Stocks Jump on AI Optimism as AMD Tops $1 Trillion: Markets Wrap Meta's New Muse AI App Tops Charts, Draws Strong Reviews The S&P 500 Financials Index dropped as much as 2.