US brokerage shares slide in latest sell-off driven by new AI tool
Schwab and ETrade parent Morgan Stanley among those hit on worries about tax-planning platform
Schwab and ETrade parent Morgan Stanley among those hit on worries about tax-planning platform

Investors fret over growing strains in private credit and risks of AI disrupting the software industry

New Anthropic legal tool sends shares in companies including S&P Global and Intuit sliding

Cautious comments from top bank executives add to jittery sentiment on Wall Street

Private capital groups also suffer steep losses

S&P 500 on course for worst day since mid-December as tech shares also hit

Sectors including wealth management and trucking have been hit with sudden share price declines