Wednesday, February 4, 2026 at 9:53 PM
Stock market losses highlighted the expanding threat of AI-driven disruption for financial services and the sector’s white-collar professionals.
Wealth-manager stocks tumbled as weak retail sales weighed on indexes.
Wealth management has became the latest sector threatened by competition from AI-powered startups.
The latest advances have companies—and the stock market—rethinking the software that handles jobs big and small.
Wall Street has been rotating out of AI leaders into real-economy stocks.
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