TLDR

MARKET RECAP → The Dow Jones reached a new record on Friday as traders reacted to encouraging data showing progress in reducing inflation. This also marked all three major averages’ third consecutive week of consecutive gains.

META'S AR GLASSES IN THE SPOTLIGHT → 👓 Meta (META) unveiled the Orion AR glasses prototype, focusing on comfort and usability with a lightweight design and basic features, signaling a push for mainstream adoption rather than niche tech appeal.

OPEC+ DRILLS DOWN ON CHEATING→ 🛢️ OPEC+ tightened the leash on members like Iraq for overproducing, aiming to keep oil prices from slipping further as demand wavers. Compliance is key—because even oil giants need to play by the rules.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Meta's AR Glasses In The Spotlight

👓 Meta (META) unveiled its Orion AR glasses prototype, showcasing a sleek design that prioritized comfort and usability over flashy graphics. The lightweight build made the glasses easy to wear, aiming to blend augmented reality into everyday life without the bulk.

🖥️ The tech featured a simplified interface, focusing on essential functions like notifications, navigation, and basic visual overlays. While the graphics weren't groundbreaking, the intuitive use case suggested Meta was targeting mainstream adoption rather than niche tech enthusiasts.

🚀 Meta's approach indicated a strategic pivot, aiming to make AR glasses as common as smartphones. With the Orion prototype, Meta hoped to redefine wearable tech, though whether consumers would embrace these specs remained the billion-dollar question.

TODAY’S TOP NEWS

OPEC+ Drills Down On Cheating

🛢️ OPEC+ zeroed in on compliance as the alliance tried to rein in members like Iraq that were overproducing. The focus was on ensuring everyone stuck to agreed output cuts, a crucial move to keep oil prices stable.

📉 The crackdown came amid falling demand, with OPEC+ aiming to prevent a supply glut that could further depress prices. Tightening the reins on overproducers was seen as essential to balancing the market.

🌍 The alliance's efforts highlighted internal tensions, as some members struggled to adhere to production limits, complicating OPEC+'s strategy to navigate the volatile energy market.

BULL VS. BEAR

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