Financial stocks slide as AI concerns and yields in focus
S&P 500 Financials (SP:SPF) and the bank sector (.SPXBK) fell Tuesday amid worries about AI competition, uncertainty around AI-related IPOs, and bond-market moves.
SPXBK) were under pressure on Tuesday as investors worried about competition from artificial intelligence and uncertainty around AI-related initial public offerings, along with moves in the bond market that potentia…