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US Market News Digest for February 5
Investor fears over AI's impact on
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Investor fears over AI's impact on finance weigh on S&P 500News of new Anthropic products capable of writing code and performing legal and financial tasks shook the market. Instead of the expected rally, the S&P 500 fell. Investors feared that AI would begin displacing traditional IT firms and services — and the jobs that go with them — which accelerated the tech sell-off. The equity market has long shown signs of rotation: investors are reallocating into small-cap stocks, with corporate earnings
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