The broader market pullback hit firms with significant exposure to the tech sector, forcing traders to reassess valuations tied to the recent artificial intelligence surge. This shift in sentiment reflects a wider caution among institutional investors who are increasingly wary of the stability of tech-reliant assets.

Beyond market fluctuations, Cantor Fitzgerald faces fresh scrutiny from a group of Democratic lawmakers. The inquiry focuses on potential conflicts of interest regarding a rare-earth deal and the firm’s historical ties to Commerce Secretary Howard Lutnick. The request for information highlights growing legislative pressure on financial intermediaries operating at the intersection of private enterprise and public policy.