CNBCยท2025-09-24 18:55Market Overview - Stocks are experiencing a decline for the second consecutive session, pulling back from record highs achieved on Monday, primarily due to profit-taking and market pushback [1] - The AI trade had previously driven the market to record levels, but some of the best-performing stocks are now giving back a portion of their gains, with Oracle and Micron leading the tech sector down [1] Meta Platforms - Meta Platforms' CEO Mark Zuckerberg announced that Instagram has reached 3 billion monthly active users, surpassing both Facebook and WhatsApp, which also crossed the 3 billion mark earlier this year [1] - Instagram's growth in engagement is attributed to the focus on Reels, a short-form video feature, and the use of artificial intelligence to enhance recommendation systems, leading to increased time spent on the app [1] - Meta is making changes to the Instagram app to prioritize private messaging and Reels, and is testing features that allow users to open directly into Reels, indicating a strategy to optimize user engagement and maximize advertiser returns [1] Upcoming Reports and Economic Data - KB Home is set to report earnings after the market closes on Wednesday, while Accenture and Jabil will report before the market opens on Thursday [1] - A range of economic data will be released on Thursday, including the third read on second-quarter GDP, durable goods orders, and existing home sales, alongside initial jobless claims which provide insights into the labor market [1] - Recent trends show that bond yields have risen following a significant drop in initial jobless claims, which has impacted stocks like Home Depot that are reliant on lower interest rates to stimulate housing demand [1]