Meta's consumer AI agent, Muse, quickly topped the Apple App Store download charts after its launch, sparking a new round of Wall Street concerns about AI disrupting the financial services industry. The U.S. financial sector saw a sharp decline on Tuesday, with the S&P 500 Financials index falling by approximately 2%.

Brokerage firms Charles Schwab and LPL Financial each dropped over 6%, JPMorgan Chase fell 3.4% marking its largest single-day decline since July, and Wells Fargo dropped 3.9%, its biggest decline since May. Analysts point out that the widespread adoption of AI agents like Muse could erode traditional business models reliant on "consumer inertia," such as wealth management, brokerage services, and insurance pricing.