S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
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Money Talk

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Financial Stocks Slide as Investors Worry About AI Bubble

Banks and other financial firms fell sharply as traders grew concerned that the artificial-intelligence boom could unwind, putting pressure on investors exposed to data-center developers and software companies.

Financial Stocks Slide as Investors Worry About AI Bubble

Shares of investment firms that have extended credit to, or invested in, data-center developers and software makers also declined. Blackstone, Blue Owl, KKR and Apollo Global each lost 3% or more.

Goldman Sachs Group and Morgan Stanley, whose businesses include investment banking, tumbled as investors feared a market selloff could curb deal activity.

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