S&P 500 consumer sector rose 2.7%, its largest one-day advance since July 28.

Meta Platforms (META.O) has released Muse Spark Open, an open-weight AI model targeted at coding and AI agent tasks, but said it has not open-sourced its most capable models. Chief AI officer Alexandr Wang said Muse Spark Open is not the company’s strongest model; Muse Wonder, rolled out earlier this week, remains closed-source. Meta acknowledged Chinese open-weight models still outperform Muse Spark Open on software development and some other tasks. Meta and Apple (AAPL.O) are enabling developers to run Muse Spark Open locally across multiple high-end Macs; Apple has updated its MLX SDK to support the model on Mac devices.

SARB governor says policy rates are moderately restrictive and consistent with the inflation outlook.