Shares of banks and other financial institutions ticked down as traders hedged their bets on the outlook for the artificial-intelligence boom. Shares of money managers exposed to tech volatility, including Blue Owl and Blackstone, fell.

A looming AI disappointment and rising yields. Why one research firm is hitting the brakes on U.S. stocks.

Shares of banks and other financial institutions ticked down as traders hedged their bets on the outlook for the artificial-intelligence boom. Shares of money managers exposed to…