Capital Rotation: Financials Tumble as AI-Driven Tech Rally Continues

Shares of PayPal Holdings Inc. (NASDAQ: PYPL) rose 3% following the announcement of a strategic partnership with Meta Platforms Inc. (NASDAQ: META). The payment processor revealed it will enable customers to shop and check out using Meta’s Muse personal AI agents across PayPal’s global merchant network.

The collaboration aims to seamlessly integrate AI-powered shopping capabilities with PayPal’s payment infrastructure. By bridging these platforms, users will be able to leverage Meta’s advanced

Investing.com -- Wall Street opened higher on Tuesday, extending gains a day after notching its best performance since August on the back of a rally in the artificial intelligence trade.

At 09:34 ET (13:34 GMT), the benchmark S&P 500 added 0.2% to 7,778.31 points, while the tech-heavy NASDAQ Composite climbed 0.4% to 27,215.83 points, taking out a new all-time intraday high. The blue-chip Dow Jones Industrial Average rose 0.3% to 52,184.96 points.

The main averages on Wall Street rallied in th

Investing.com -- Financial sector stocks tumbled Tuesday, with wealth management and banking names leading declines as traders rotated capital toward technology stocks amid growing interest in Meta’s Muse AI agent.

Charles Schwab Corp. dropped 5.5%, marking the steepest decline among major financial stocks. Allstate Corp. fell 5.0%, while Raymond James Financial Inc. sank 4.5%.

Ameriprise Financial Inc. declined 3.8%, and Progressive Corp. slipped 3.2%. State Street Corp. also fell 3.2%, while

Global Banks Collaborate on Principles for Trusted Agentic Commerce.

NEW YORK, New YorkN.Y. - A S BASB Bank, Bank of America, Capital One, Commonwealth Bank of Australia, I N GING Group and NatWest Group have today jointly published a shared set of principles to support the development of trusted agentic commerce, helping establish a framework for a future where A IAI agents could play a greater role in how people choose and pay for products and services.

With banks sitting at the heart of the