The ouster of Nvidia Chief Executive Jensen Huang, described as one of the visionaries behind the AI boom, clouded the outlook for artificial intelligence and for financial firms betting on its growth, strategists said. Blackstone, a major backer of data centers and AI companies, fell more than 2%. Blue Owl also dropped sharply; its private-credit funds are exposed to a range of technology companies.

Brookfield reported third-quarter earnings growth, partly powered by inflows at its asset-management arm.