According to CNBC, financial institutions are grappling with the dual challenge of integrating AI technologies while addressing potential threats they may pose. Additionally, weaker-than-expected U.S. retail sales have added pressure on market sentiment, impacting trading dynamics within the sector.

According to CNBC, artificial intelligence (AI) is increasingly poised to disrupt financial firms by automating complex processes and reducing operational costs. Meanwhile, U.S. stock markets faced downward pressure due to a weaker-than-expected retail report, signaling potential concerns about consumer spending and economic growth. This combination of technological advancements and economic signals may influence trading strategies and sector rotations.