Market Turmoil: Meta's Plunge & Rubrik's IPO

Meta faces a substantial drop in stock value of over $200 billion after CEO Zuckerberg highlights the company's investments in AI and the metaverse during the Q1 earnings call. Rubrik prices its IPO at $32 per share, exceeding the expected range, raising $752 million. Tech stocks, including Tesla and IBM, rise while Meta's shares decline post earnings report. Industrial sector experiences share declines despite durable goods orders increase and positive freight-railroad traffic trends.