Meta's Muse AI hits broker stocks as Schwab falls 6% and Robinhood rises

Meta's consumer AI product Muse sent brokerage stocks tumbling: Charles Schwab fell 6% on Tuesday to its lowest since early July and is down more than 8% since Muse was announced, while Robinhood hit another year-to-date high. LPL Financial dropped 7%, Raymond James 3.5% and Interactive Brokers 1%, as Meta's May AI agents that trade portfolios stoked disruption fears.