Wealth managers, insurance brokers in top losers: Week's financials wrap
Wall Street finished the week lower as AI disruption risk continued to weigh on sentiment, while economic data indicated a slowdown in overall inflation, suggesting little urgency for rate cuts. For the week, the S&P 500 Index retreated 1.39%, the tech-heavy Nasdaq Composite fell 2.10%, and the blue-chip Dow dropped 1.23%. However, the financial se...
Wall Street finished the week lower as AI disruption risk continued to weigh on sentiment, while economic data indicated a slowdown in overall inflation, suggesting little urgency for rate cuts. For the week, the S&P 500 Index retreated 1.39%, the tech-heavy Nasdaq Composite fell 2.10%, and the blue-chip Dow dropped 1.23%. However, the financial se...
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