US financial stocks fell sharply as investors weighed AI-driven disruption risks, uncertainty around AI-linked IPOs and a flatter Treasury yield curve. The S&P 500 Financial index dropped 2%, with money managers and banks among the biggest decliners.
US financial stocks fell sharply as investors weighed AI-driven disruption risks, uncertainty around AI-linked IPOs and a flatter Treasury yield curve. The S&P 500 Financial index dropped 2%, with money managers and banks among the biggest decliners.
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